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The deal

Investing in the UK’s leading handbag brand


Deal size, December 2007

Funds I & II

Realised investment

The teams

Management Team

Chair: Roger Best

CEO: Justin Stead

The story

Radley is the UK's leading handbag brand, targeting the premium segment. It was established in 1998 and acquired by Exponent in 2007.

Exponent worked with the incumbent management team at the time of acquisition to build an international and product development strategy for the business. After the retirement of the original CEO, we appointed Justin Stead, formerly of Aurum and Fossil Group, to lead the business in continuing to drive international growth.

We were attracted to the international potential of the brand due to its unique combination of beauty, functionality and accessibility. The premium handbag segment is experiencing significant growth, especially in emerging markets.

The business was acquired by Freshstream Capital for an undisclosed sum in June 2016.