ITV injects GBP2 million into Respoke via IT AdVentures Invest
Tue, 4th May 2021 16:38
(Alliance News) - ITV PLC on Tuesday said it will subscribe for up to GBP2 million of convertible notes into Respoke Ltd, a menswear clothing firm behind the brand SPOKE.
This deal marks the second investment made by ITV AdVentures Invest, which is the FTSE 250 broadcaster s media for equity initiative, and will be made alongside the British Growth Fund, Oxford Capital and 24Haymarket.
Respoke will use the investment for television advertising purposes. For the year ended October 31, 2019, Respoke s gross assets were GBP8.1 million, up from GBP3.2 million.
Second Transaction under New Media For Equity Programme ITV AdVentures Invest, ITV s new media for equity initiative, has concluded its second investment in Respoke Limited, the company behind the premium custom-fit menswear brand SPOKE. ITV Adventures Invest s first investment, in the location service what3words, was concluded last month. ITV has agreed to subscribe for up to £2m of convertible loan notes in Respoke Limited in three tranches. ITV joins a respected group of shareholders, including the British Growth Fund, Forward Partners, Oxford Capital and 24Haymarket. SPOKE will use ITV s media investment to bring its brand message to British men through the power of TV advertising, embracing high style, smart functionality and perfect fit. SPOKE has combined extensive tailoring experience with the power of digital technology to offer a bespoke experience previously only reserved to tailor-made fashion and has already acqui
By John Hyde2021-03-04T11:05:00+00:00
A growing consultancy firm has found a new equity investor to fund its continued recruitment of new lawyers.
Phoenix Equity Partners this week announced its investment in national firm Setfords having bought a stake in the firm from current shareholder the British Growth Fund. Financial terms have not been disclosed.
Phoenix is an independent private equity investor based in London which invested in businesses valued up to £200m. It has made 55 investments since 2001 – including a video game testing firm, an electronic security firm and a corporate vehicle rental platform – and boasts that it has boosted companies’ annual profits by an average of 15% over the last five years.
Lisburn blinds firm further expands with US shutter acquisition Gary McDonald Business Editor
Mzuri Holdings managing director Stuart Dickson
THE holding company of Decora Blind Systems in Lisburn has made another significant acquisition.
Mzuri Group, established in 2018 by the owners of Decora Blinds to enable a growth strategy, has bought TCMM Shutter Group for an undisclosed sum.
It’s the fourth acquisition announced by the Lisburn company since the British Growth Fund (BGF) bought a £10 million minority stake in the company two years ago.
Founded in 2002, TCMM has become one of the largest interior wood shutter distributors in the UK. Its retail brands including Shutterly Fabulous and California Blinds, and it has an additional operation in the USA under the Shutter Store brand.
Inside the Emma Bridgewater pottery factory shop
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Pottery-giant Emma Bridgewater has revealed plans to open a huge new warehouse in the city.
The company is moving part of its operations to a new 70,000 sq ft distribution centre at Meir Point, off Whittle Road, in the spring.