At a time when young designers are struggling to get outside investment, Georgina Goodman has found new backing.
The London-based company told Footwear News today it received a 4 million pound, or $6.5 million at current exchange, minority share investment from Core Capital LLP. The deal marks the U.K. private equity group’s first foray into fashion.
“In times like these, to raise an investment is a real endorsement of the [brand] we have built,” said B.J. Cunningham, who founded the business with his wife, Goodman, in December 2002.
For more, see Monday’s issue of Footwear News.