HMT helps online fashion retailer Little Black Dress source funding for growth following launch of exclusive Alesha Dixon range
HMT, led by Partner Ian Barton arranged and advised on the development capital investment in Little Black Dress who have just launched their Spring/Summer collections including exclusive designs from Alesha Dixon.
Based in Manchester, Little Black Dress is a leading fashion brand specialising in occasion wear. Their online store offers a wide range of party and occasion dresses from renowned brands such as Reiss, French Connection, Forever Unique, etc. as well as their own premium clothing brands such as Black, which are also distributed in high street boutiques.
The ‘Britain’s Got Talent’ judge, Alesha Dixon has just launched her first capsule collection in partnership with Little Black Dress. The nine dresses created by her are available exclusively at littleblackdress.co.uk. For every dress sold a donation is made to women’s charity Refuge.
The new investment from the Greater Manchester Investment Fund will enable Little Black Dress deliver their growth plans, further developing their own ranges, attracting new premium brands and customers as well as creating additional unique collections in collaboration with artists like Alesha Dixon.
Mark Evans, CEO of Little Black Dress commented
“The investment from GMIF will enable us to accelerate our business plans, and position Little Black Dress as the ‘go-to’ premium occasion wear brand online. As a relatively new brand, it’s sometimes difficult to secure traditional financial funding, so the GMIF facility is a great fit.
Designed to encourage job creation in Manchester, the GMIF facility will now enable us to recruit ‘the great talent’ to drive us forward with pace – creating over 30 new jobs in digital, creative and E- commerce in Manchester in the next two years.
Ian’s support managed us through the process and delivered an outcome from which we can move forward to our next exciting phase. ”
Kieran Quinn, at GMIF commented,
“In my view this is exactly what the Combined Authority is about – being an enabler for growth and investment in the region. We all know that Greater Manchester is a great place to live, work and invest, but sometimes there are barriers that stop firms from doing as much as they would like. The Greater Manchester Investment Fund breaks down those barriers and leads to the creation of more jobs and growth for the people and businesses of Greater Manchester.”
Ian Barton commented,
“Raising finance for a business of the cusp of such an exciting future, yet still early in its development needed real tenacity from everyone involved in the process and we are delighted to have delivered for the shareholders. We look forward to following the success of their new collections and collaborations over the coming years.”