×
73 883
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Phoenix
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Topeka
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Natick
Permanent · Natick
MACY'S
Asset Protection Detective, Perimeter Mall - Full Time
Permanent · Atlanta
MACY'S
Asset Protection Detective, Oak Brook Center - Full Time
Permanent · Oak Brook
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Mall at Greece Ridge Center - Full Time
Permanent · Rochester
MACY'S
Asset Protection Detective, Bowie Towne Center - Full Time
Permanent · Bowie
MACY'S
Asset Protection Detective, Cool Springs - Part Time
Permanent · Franklin
MACY'S
Asset Protection Detective, Greenbrier - Full Time
Permanent · Chesapeake
MACY'S
Asset Protection Detective, Northridge Fashion Center - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Superstition Springs Center - Part Time
Permanent · Mesa
MACY'S
Asset Protection Detective, Westminster - Full Time
Permanent · Westminster
MACY'S
Asset Protection Security Guard, Green Acres - Part Time
Permanent · Valley Stream
MACY'S
Asset Protection Detective, Sherman Oaks Fashion Square - Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Woodbridge Center - Part Time
Permanent · Woodbridge Township
MACY'S
Asset Protection Detective, Center City - Part Time
Permanent · Philadelphia
MACY'S
Asset Protection Detective, State Street - Full Time
Permanent · Chicago
MACY'S
Asset Protection Detective, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Rockaway Town Square - Part Time
Permanent · Rockaway
MACY'S
Asset Protection Detective, Coral Square - Full Time
Permanent · Coral Springs
MACY'S
Asset Protection Detective, Center City - Full Time
Permanent · Philadelphia
Published
Feb 25, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Cambridge Satchel Company gets funding for further expansion, focus on Asia

Published
Feb 25, 2020

The Cambridge Satchel Company has received an investment from private equity firm Cassia Investments.


Cambridge Satchel Company


Cassia founder Faris Ayoub has also joined the British handbag maker as a director.

The undisclosed sum will go towards supporting the company’s expansion plans, following the opening of a townhouse-style store in Oxford earlier this month. 

Beyond the financial incentive, Cassia’s backing comes with an important benefit: the Hong Kong-based firm understands the Asian market. Its portfolio of investments include Shanghai Tang, the Chinese luxury brand, and Evisu, the Japanese clothing retailer.

And after posting losses for the fourth consecutive year, the Cambridge Satchel Company is eyeing Asia for growth. In its latest accounts for the year ended June 2018, the business said that it will be expanding its efforts in China, where it has established a business network and launched a dedicated website.

Julie Deane, brand founder and majority owner, told the Evening Standard: “The investor brings skills and experience in the Asian market, important to the growth of Cambridge Satchel.”

Cassia added that the brand has “an aspirational appeal to consumers globally”.

It's a difficult time to expand into Asian markets. The region is suffering significant disruption caused by the coronavirus outbreak, and the stringent government measures to contain it are threatening to impact the growth of major markets.

According to a new survey from Alliance Bernstein and Boston Consulting Group, luxury goods brands are set to face a €40bn hit to their revenues as sales in China have slowed. But in a post-coronavirus world, Asia will continue to be the biggest growth market globally.

Copyright © 2023 FashionNetwork.com All rights reserved.