LONDON — Ellestone Apparel LLP has taken a stake in Monitane Holdings Ltd., the holding company of The Fielding Group Ltd., which sells branded and own-label clothing to U.K. retailers.
Fielding’s clients include Tesco, Nike, John Lewis, Burtons, BHS, Asda, Moss Bros and Marks & Spencer. The firm also holds licenses for sporting brands including Chelsea, Liverpool, Manchester United and Arsenal soccer teams, as well as entertainment brands including Disney, Sesame Street and Warner Brothers.
It has also developed a number of high-profile celebrity brands including Farrell men’s wear for Robbie Williams, Kardashian Kollection women’s wear at Dorothy Perkins, and Raging Bull children’s wear with Phil Vickery at Marks & Spencer.
Financial details of the transaction — including the size of the stake — were not disclosed. However, sources said Ellestone typically takes majority stakes.
Ellestone Apparel represents a consortium of investors with interests in retail, manufacturing, branding and licensing. It is headed by Bob Wigley, James Gallon and Dominic McVey, all of whom will join the Monitane board.
The investment from Ellestone is to function as expansion capital, allowing Fielding to continue building its U.K. business and manufacturing capacity.
Fielding has turnover of around 85 million pounds, or $128.6 million at current exchange rates, and employs some 6,500 people in the U.K., Sri Lanka, Bangladesh, China and Turkey. It owns manufacturing facilities in Bangladesh and Sri Lanka through its subsidiary Hela Clothing, a Sri Lanka-based firm. The Bangladesh Hela factory is billed as first LEED certified gold rated “green” factory in the country. Fielding produces 25 million garments a year.