Club L London acquires Lavish Alice
Lavish Alice, which was founded in Manchester by Matthew Newton and Lee Bloor in 2013, will continue to operate as a standalone brand
Club L London has announced it has acquired women’s clothing brand Lavish Alice for an undisclosed sum.
The brand said the new venture is a “testament” to its “consistent growth”, driven by “dedication, commitment, and expertise”.
The deal sees Club L London acquire the brands’ intellectual property rights, website, inventory, social media accounts and customer data.
Lavish Alice, which was founded in Manchester by Matthew Newton and Lee Bloor in 2013, will continue to operate as a standalone brand with the pair overseeing the transition before stepping away.
Club L London said that the brand aligns with its core values of “being a leader” within accessible luxury and creating “unprecedented” designs and is also ready to position themselves alongside it at the “forefront of enhanced growth and innovation within the industry”.
Katie Randev, founder and CEO of Club L London, said: “This acquisition is a strategic step in our journey to scale globally and further elevate our brand portfolio. Lavish Alice and Club L London share a dedication to meticulous design and attention to detail, with both brands focused on creating considered, timeless pieces.
“Bringing Lavish Alice into the Club L London Group strengthens our market presence and reinforces our position in the premium fashion space. It’s a brand I’ve always respected for its design integrity and strong identity, and we’re excited about the opportunities ahead. We are committed to building on its legacy and taking it to the next level.”
Last month Club L London revealed it is targeting international expansion after turnover doubled to £44.4m during the year ended 31 March 2024.
According to newly-filed accounts at Companies House, the company achieved a £29.5m turnover in 2023.
The Manchester-headquartered retailer said that the increase in turnover happened despite a backdrop in “poor” consumer confidence caused by high and persistent inflation as well as the cost of living crisis.
