Satchel brand gets third shop

THE CAMBRIDGE Satchel Company is opening a six-storey flagship shop in Covent Garden after receiving £12m funding from Index Ventures earlier this year.

The traditional-style satchel company, which founder Julie Deane started as a kitchen sink venture in 2008, now has a turnover of around £15m. The new store, the second in London, will open on James Street in Covent Garden.