Dressed for success: Fashion website Atterley seeks £3m as it eyes expansion


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Fashion website Atterley.com has kickstarted a search for new funds as it eyes growth in the UK and overseas.

Chairman and majority owner Mike Welch said he is looking to raise up to £3million and is considering a range of options including strategic investors and partnerships.

The website offers fashion ranges from more than 100 boutiques across the globe including Britain, France, Italy and the US.

Welch said: ‘We’re growing quickly in the US and Europe, and starting to make a bigger impression in Asia.

‘It has taken time to bring on the best independent boutiques with the brands to match our customer tastes, but we’ve now got an incredible platform to build from.’

 

He added that cashflow is strong due to the rapid turnover of stock. The tycoon sold his online tyre retailer Blackcircles. com to Michelin for £50million in 2015.

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