Lavish Alice Sells to Club L in Strategic Acquisition
Deal News | Feb 28, 2025 | Home of Direct Commerce
Club L London, a prominent fashion retailer with a revenue of £44m for FY24, has acquired Lavish Alice, a renowned brand admired for its celebrity-endorsed collections. Lavish Alice, founded 18 years ago, is widely recognized and stocked at prestigious outlets such as Harvey Nichols and Selfridges. Under its new ownership, the brand is set to maintain operations from Manchester and continue as a standalone entity. The original founders, Lee Bloor and Matthew Newton, will stay on board to guide the transition, ensuring the essence of the brand is retained post-acquisition.
Sectors
- Fashion Retail
- Mergers & Acquisitions
Geography
- United Kingdom – Both Lavish Alice and Club L London are based in the UK, and the transaction pertains to the UK fashion industry.
Industry
- Fashion Retail – The article discusses a transaction between two fashion brands, indicating relevance to the Fashion Retail industry.
- Mergers & Acquisitions – The acquisition of Lavish Alice by Club L London falls under Mergers & Acquisitions activities.
Financials
- £44m – Club L London's reported revenue for FY24.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lavish Alice | Target Company | Company | A fashion brand with a celebrity following, based in Manchester. |
| Club L London | Bidding Company | Company | A fashion retailer with significant revenue achievements, acquiring Lavish Alice. |
| Lee Bloor | Co-Founder | Person | Co-founder of Lavish Alice, overseeing the transition post-acquisition. |
| Matthew Newton | Co-Founder | Person | Co-founder of Lavish Alice, overseeing the transition post-acquisition. |