Anya Hindmarch sells off stake in label
Anya Hindmarch has sold off a bigger stake in her company to Mayhoola For Investment, taking their share from 38.8 per cent to 60 per cent.
Anya Hindmarch has sold off a larger chunk of her business to Qatari investors.
The handbag designer initially sold a 38.8 per cent stake in her company to Mayhoola For Investment in 2012 for around £27 million, but this year sold them another 21.2 per cent for £24.2 million, though she retains control of the business through voting rights.
The second investment was confirmed in the brand's Companies House filing, which also saw a 1.2 per cent increase in turnover, though there was also £4.3 million in pre-tax losses reported due to changes to online operations and distribution network, as well as investment in new shops.
Anya's self-titled brand was launched in 1987 and has 55 shops globally, with Japanese sales making up 35 per cent of its business.
This year, the company bought in the Japanese franchise, giving it full control.
Anya, who became chairman and chief creative officer in 2011 when James McArthur joined as chief executive, said: ''Since ... returning to my creative roots as CCO, I have worked hard to energise the brand. We have had an unprecedented response to our autumn/winter 2014 collection with a strong pre-order book. I am also particularly excited to take back direct control of our Japanese stores.''