Home Fashion Label Buster + Punch Attracts £7M Series B
Investment to power North America and Asia Pacific expansion
LONDON, Sept. 17, 2020 /PRNewswire-PRWeb/ -- UK luxury interior fashion label Buster + Punch announced a £7 million commitment from UK investors Mobeus Equity Partners ("Mobeus"). The capital represents the second investment in Buster + Punch by Mobeus, taking the total committed to approaching £10 million.
Buster + Punch specializes in fashion-forward designs crafted from rare, solid materials in a distinctive contemporary, industrial style. Founder Massimo "Buster" Minale's passion for motorcycles, metalwork and sub-culture has created a global brand unlike any other, transforming ordinary functional home fittings, from the light switch to the door handle, into 'must-have' home details. Today the brand has amassed a devoted celebrity following and has positioned itself as the affordable luxury homeware label for the fashion conscious, offering hardware, electrical goods, lighting, furniture and lifestyle accessories.
Following the initial Mobeus investment in 2017, the business has continued to deliver consistent high growth across its ranges, with annual revenues increasing threefold, and reaching nearly £10 million in FY2020. Buster + Punch's products are now sold in 99 countries via both its ecommerce platform and direct services to consumers, trade and retailers across the world. Buster + Punch also operates flagship showrooms in London, Stockholm and Los Angeles.
To support the continued growth of Buster + Punch, the new funding from Mobeus will be used to drive the global business plans of the fast-growing luxury interior fashion label with further expansion and strategic new penetration into North America and Asia Pacific markets.
On the new investment from Mobeus, Buster + Punch CEO Martin Preen comments:
"Over the last three years we have invested hard in our people, our systems and our products and all of our very special employees have been rewarded to see that our customers love our products and what we stand for… making ordinary things, extraordinary. The additional funding will allow us to continue our expansion, deliver an even better customer journey, invest more in our staff and bring more of those 'extraordinary, ordinary' products, in our unique design, to a much larger global audience."
Mobeus Investment Director, Greg Blin, commented: "I'm excited by how far the B+P team has taken this iconic brand since we first invested in them just three years ago. It's great to be backing another winner with some serious firepower, by scaling up our financial backing threefold!"
About Buster + Punch
Buster + Punch is a London-born interior fashion design label working with rare, solid materials to make extraordinary items for everyday use. Buster + Punch started in a garage in East London where founder Massimo Buster Minale discovered a passion for making the things he loves. From lighting and hardware to custom motorcycles and whisky bars, the brand now makes unexpected and elegant interior products for those who want to live with conviction. Its work is inspired by London's fashion, music and sub-culture where it collaborates with street artists, bike builders, musicians and fashion designers to inject attitude into our crafted products.
About Mobeus Equity Partners
We are a team of investors with a 20 year track record, providing £2 million - £15 million to UK SMEs across all sectors. We partner with talented and determined management teams of companies with strong growth potential http://www.mobeus.co.uk
SOURCE Buster + Punch
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