Antler gets £8m boost to fund online growth

By

Barbara Santamaria

Published
Feb 28, 2019

London-based luggage firm Antler has secured an £8m asset-based lending facility from Secure Trust Bank to invest in its online e-commerce platform.

The heritage company, whose roots date back over 100 years, was acquired by private equity firm Endless from LDC in July 2017.

The brand is known for its lightweight and durable suitcases, and it operates its own stores, online and through wholesale partners in the UK and Australia.

Commenting on the funding, Antler executive chairman Mark Hall, said: “The new facility will unlock a significant amount of additional working capital funding to enable Antler to invest in new products and enhance its ecommerce proposition.

“The funding package provided by Secure Trust Bank also allows Antler to support its valued suppliers more closely, enabling product to be sourced more competitively and efficiently.”

Will Airey, portfolio and structuring director at Secure Trust Bank Commercial Finance, added: “The Antler brand is a household name in the UK and internationally, with a strong reputation for high quality products. As the global luggage market is forecast to grow to $45bn by 2021, this funding places the company in an excellent position to invest in new products and meet growing consumer demand.”

Since being acquired by Endless, Antler has been focusing on growing its international operations, strengthening its online presence and developing the North American business.