Roksanda, the prestigious London-based fashion brand, is currently on the lookout for a new investor who can acquire a majority stake in the business. This development comes as Eiesha Bharti Pasricha, the existing owner, is planning to step away from the company. In an effort to navigate this transition smoothly, Roksanda has engaged the services of Deloitte to assess the interest of potential investors in taking over the luxury brand.
The prospective deal is anticipated to value Roksanda at approximately £20 million, marking a substantial increase from its initial revenue of £3 million at the time of Pasricha’s initial investment in 2014. With Pasricha’s support, the brand has witnessed remarkable growth, making strides in the global market and attracting a prestigious clientele including prominent figures like the Duchess of Cambridge, Melania Trump, and Lady Gaga. Pasricha’s financial backing enabled Roksanda to establish its inaugural standalone boutique in London and recruit a chief executive to manage its day-to-day operations.
Despite the undeniable success that Roksanda has achieved under Pasricha’s leadership, she now believes that the brand would benefit from a new partner who possesses a deeper understanding of the luxury fashion industry. Roksanda Ilincic, the brand’s founder, is presently in contention for the esteemed British Designer of the Year award in the Womenswear category at the upcoming Fashion Awards ceremony. Alongside other distinguished designers such as Clare Waight, Jonathan Anderson, Simone Rocha, and Victoria Beckham, Roksanda is positioned to be recognized as one of the premier names in both the UK and global fashion landscape.
The Fashion Awards gala is slated to occur on December 10 at the esteemed Royal Albert Hall in London, where the recipient of the British Designer of the Year accolade will be revealed. This nomination stands as a testament to Roksanda’s enduring prosperity and impact within the fashion sector, rendering it an appealing investment prospect for potential investors seeking to collaborate with a renowned luxury brand.
If you are interested in learning more about Roksanda and its potential investment opportunities, please visit their official website here. You can also stay updated on the latest developments in the fashion industry by checking out the Fashion Awards website here.
