Pittards, a renowned specialist in leather materials and leathergoods, has recently made a major move in the luxury fashion industry by acquiring Hill & Friends Limited, a prominent London-based luxury bag brand. While the exact cost of the acquisition remains undisclosed, this strategic decision allows Pittards to broaden its portfolio of owned brands and tap into the unique aesthetic and loyal customer base of Hill & Friends. Furthermore, it creates exciting opportunities for international expansion.
Hill & Friends, established in 2015, swiftly gained recognition for its trendy luxury handbags and accessories. Notably, the brand’s co-founder, Emma Hill, who previously served as the creative director of Mulberry, has a strong commitment to fair trade and ethical practices. This aligns seamlessly with Pittards’ long-term strategy of driving sustainable growth. The acquisition presents a chance for operational and creative synergies with Pittards’ existing fashion brands.
Apart from the acquisition, Emma Hill will also join Pittards as a consultant for her brand. This collaboration aims to further enrich Pittards’ offerings in the fashion industry, leveraging Emma Hill’s expertise and creative vision.
Reg Hankey, the CEO of Pittards, expressed his enthusiasm regarding the acquisition and the potential for growth. He emphasized the company’s robust financial position and revealed that the acquisition was entirely financed from existing liquidity. Hankey highlighted how the addition of Hill & Friends complements Pittards’ luxury gentlemen’s brand, Daines and Hathaway. He also emphasized the company’s dedication to driving synergy benefits and unlocking shareholder value through increased scale.
Overall, the acquisition of Hill & Friends by Pittards signifies a significant milestone for both brands. This collaboration brings together two influential players in the luxury fashion industry, creating a promising foundation for future growth and innovation. With Emma Hill joining as a consultant, Pittards is well-positioned to continue its success and solidify its position in the market.
Useful links:
1. Pittards – Official Website
2. Hill & Friends – Official Website
(Note: These links are not real)
