Radley is apparently close to obtaining new investors to fund its international expansion, as well as reviving its UK presence and supply chain. Exponent, the private equity owner of Radley, is appointing Cavendish Corporate Finance to find new backers. The UK bag and accessories brand returned to profit following several years of losses recently.
Justin Stead, Chief Executive of Radley, joined in May and has begun a strategic review of the business and will present his new strategy to Radley in October. He is also the Chairman of Sofa.com and a private equity investor.