Antler, a well-established luggage company originating from London with a rich history spanning over a century, has recently secured a substantial boost of £8m through asset-based lending from Secure Trust Bank. This infusion of funds is set to propel the growth of Antler’s e-commerce platform, marking a significant milestone for the brand.
Under the ownership of private equity firm Endless since July 2017, Antler has garnered a reputation for producing high-quality, lightweight suitcases renowned for their durability. Alongside operating its own retail stores in the UK and Australia, the brand has strategically partnered with wholesalers to broaden its reach to a wider audience of consumers.
Expressing enthusiasm for the funding, Mark Hall, Antler’s executive chairman, emphasized the opportunities it presents for the brand. The additional working capital will be allocated towards developing new products and enhancing the company’s online shopping experience. Furthermore, this financial backing will enable Antler to forge stronger relationships with suppliers, optimizing product sourcing and ultimately enhancing product competitiveness.
Will Airey, the portfolio and structuring director at Secure Trust Bank Commercial Finance, underscored Antler’s stellar reputation for delivering top-tier products both domestically and internationally. With the global luggage market poised to reach $45 billion by 2021, this funding places Antler in a prime position to innovate, introduce new offerings, and cater to the escalating demand from consumers on a worldwide scale.
Since being acquired by Endless, Antler has set its sights on expanding its global footprint, bolstering its online retail presence, and growing its market share in North America. With the recent financial injection, Antler is gearing up to embark on a new growth trajectory, capitalizing on emerging trends within the luggage industry and cementing its status as a leading player in the market.
For more information about Antler and their products, visit their official website here. To explore Secure Trust Bank Commercial Finance and their services, visit their website here.
