Dutch label Mr Marvis, best known for its colourful shorts, has secured a financial injection from Capital A Investment Partners. The company will use the money to conquer the neighbouring countries.
With Capital A, the Amsterdam-based brand welcomes an external financier for the first time. Co-founder Steven Vrendenbarg does not want to disclose how big the contribution of the investment company is, only revealing to Quote it is "a significant investment".
The brand, founded in 2016, has a very successful track record on its home market. "We have been profitable since the second year, and it has since stayed that way", Vrendenbarg says. Sales doubled last year, and a doubling is also expected for this year. However, the company does not want to give any specific figures.
Mr Marvis now wants to work on international expansion. "In the short term, we want to convert our pop-up shop in Antwerp, Belgium, into a permanent store, and next spring, we want to open new branches in Germany and England."