Fashion brand

Historic Leather Manufacturer Buys Luxury Fashion Brand | South West Deals

A historic producer of high-tech and luxury leather goods, headquartered in Yeovil, has acquired the brand and assets of a contemporary luxury fashion business.

Pittards opted for Hill & Friends, founded in 2015 by Emma Hill and Georgia Fendley.

Hill & Friends’ line of handbags and accessories is said to have a “distinctive aesthetic, proven pedigree and loyal following while offering the potential for material international growth”.

Co-founder Emma Hill’s philosophy of believing in fair trade and ethical practices is believed to be “in line with Pittards’ long-term strategy to drive sustainable growth”.

Pittards itself was established in 1826 and has a heritage of developing and manufacturing performance leathers that are used by top brands around the world.

The acquisition allows the company to add another luxury fashion brand to its growing portfolio.

Pittards Managing Director Reg Hankey said: “Maintaining our strong balance sheet, this acquisition has been fully funded from the company’s existing cash.

“This complementary acquisition represents a compelling opportunity to further expand our offering, building on our success with our luxury men’s brand Daines and Hathaway.

“We are excited to work with Emma to expand the breadth of our offering in the fashion industry while generating new synergy benefits and unlocking shareholder value through increased scale.”

Details of the advisers who worked on the deal were not disclosed.

Hazel J. Edmonds

The author Hazel J. Edmonds