Landlord Grosvenor takes Roland Mouret stake

By

Sandra Halliday

Published
Jun 2, 2021

West End landlord Grosvenor is continuing its drive to get more deeply involved in some of the businesses that occupy its properties with news on Wednesday that it has taken a stake in luxury label Roland Mouret. The property giant said the move would help to kickstart a new phase of growth for the brand.

It’s Grosvenor Britain & Ireland’s first direct equity investment in an occupier and sees it taking a minority interest in one of the highest-profile UK-based luxury fashion labels.

The investment has been made through its Tenant Investment Fund that was set up last year to enable new and existing occupiers in Grosvenor’s properties that have “ideas and diversification strategies to grow their business, through a range of partnerships from equity to debt”.

Roland Mouret first opened its flagship townhouse on Carlos Place, Mayfair, in 2011 and it’s likely to have been hit hard by the pandemic that saw stores closed and formal luxury categories staying on the rails as the events for which women buy them were cancelled.

As well as providing a general boost for Mouret, Grosvenor said the new investment will “support avenues for growth such as new business categories”.

Grosvenor Britain & Ireland CEO James Raynor said: “Roland Mouret has been at the forefront of British fashion for over two decades. With an agile omnichannel strategy masterminded from its Mayfair base we’re excited to join them as an investor as they grow and diversify the business.

“Our Tenant Investment Fund is helping us step in to provide much-needed growth financing for strong businesses with clear diversification strategies. With £5 million of transactions in the current pipeline, we’re seeing huge demand for this innovative support from brands we already partner with, right through to new retail and hospitality concepts.”

Mouret’s CEO Mark Langthorne added that Grosvenor has offered “tremendous support for the local area during the pandemic and [we] believe there is great synergy between our values to help realise our plans for future growth.”