Monica Vinader, a popular demi-fine jewelry brand, has recently secured an impressive £8 million reinvestment from UK-based consumer brands investor, Piper. This reinvestment comes as Bridgepoint Development Capital obtained a majority stake in the company, enabling Monica Vinader to focus on expanding its presence both in the UK and worldwide.
Piper initially invested in Monica Vinader back in 2016, and since then, the brand has achieved remarkable growth. Sales have quadrupled, reaching nearly £100 million, and direct-to-consumer sales now contribute 65% to the company’s total turnover, a significant increase from the previous 35%. Moreover, the brand’s US revenues now account for more than 20% of the total, compared to less than 5% a few years ago.
Piper has expressed its belief in Monica Vinader’s growth potential, particularly in the UK, US, and Asia Pacific regions, where the brand has established itself as a leader in the affordable luxury market. When Bridgepoint acquired a majority stake in the business, Monica Vinader and her sister Gabriela retained a minority stake in the company. Legal advisor Pinsent Masons, who facilitated the sale, has stated that this fresh investment will greatly accelerate Monica Vinader’s growth.
Renowned for its demi-fine jewelry, Monica Vinader combines top-notch materials with accessible price points. The brand offers a diverse range of pieces, including bracelets, necklaces, rings, and earrings, all carefully designed to provide customers with stylish and versatile options.
With Piper’s substantial reinvestment, Monica Vinader is in a prime position to capitalize on new growth opportunities in crucial markets. The brand is committed to delivering high-quality, contemporary jewelry that resonates with consumers who value both style and affordability. As Monica Vinader continues to innovate and cultivate a loyal customer base, its future looks incredibly promising. Further expansion and success are certainly on the horizon.
Useful links:
1. Monica Vinader Official Website
2. Piper Official Website
