Peter Pilotto Gets Investment From British Investment Company

According to reports, the women's clothing brand Peter Pilotto won the British investment company MH Luxe and women's wear brand Escada chairman and general manager Megha Mittal minority equity investment. However, the financial terms of the transaction have not been disclosed for the time being.

"This is our choice for investment last year." Designer Peter Pilotto told BOF, "we get CFE from the fashion center. British Fashion Association BFC support, so our current state is to try to self financing business. But we want to take new measures, not just investment. "

Operated entirely by Peter Pilotto and his design partner, Christopher de Vos, at their own expense. brand Now, it has been 8 years ago, and at present the brand's primary task is to increase external. capital 。 According to industry estimates, the brand business annual income of about 15 million -2000 million.

"We are very excited about the next step to cooperate with Megha and MH Luxe. We have common values and visions for the company, and we want them to become part of our expanding brand. " De Vos told the British version of VOGUE. With the addition of new investment, the brand hopes to promote its wholesale business and hire new members to consolidate its 40 person team, including a CEO.

"So far, the Peter Pilotto brand has enjoyed a good momentum, and now we are ready for the next stage of brand building." Megha Mittal, chairman and general manager of women's clothing brand Escada, said. "We are just beginning to announce that we are looking for a CEO, and we will open a retail store to display clothing belonging to Peter Pilotto, and invest more in improving our digital business."

In 2009 the British Fashion Awards, the Peter Pilotto brand was awarded the SWAROVSKI Talent Award. Last year, it won the BFC / Vogue Fashion Fund of the British Fashion Association for a pair of designers. The company has more than 200 stores in 50 countries around the world, and the main market for its revenue comes from the United States and Europe. Peter Pilotto stores can be found in Searl rich department store Selfridges and the American Century luxury boutique Neiman Marcus.