RADLEY, the purveyor of handbags stamped with its famous Scottish Terrier logo, is set to follow in the footsteps of other British fashion brands by pushing into Asia to tap the region’s burgeoning middle class consumers.
The private equity backed company, which started life on a market stall in Camden, is eyeing ambitious growth plans after a rise in sales last year put it on a surer footing. It would follow in the footsteps of rivals like Mulberry in selling bags in China. The handbags, which are sold in John Lewis and House of Fraser, boosted the company’s like for like sales by nine per cent in the year ending April.
Radley is controlled by private equity firm Exponent – which also owns thetrainline.com and Quorn Foods – and a minority stake is held by its original backer Phoenix Equity Partners. Both parties have signalled their intent to grow the business rather than sell it with the latest growth strategy.