London-based jewelry model D.Louise has secured an funding from former CEO and government chair of Gymshark, Steve Hewitt – who’s becoming a member of the enterprise as funding director.
Based in 2021 D.Louise seeks to redefine the jewelry trade by “creating high-quality, aesthetic jewelry at inexpensive costs”.
D.Louise’s funding builds upon a profitable two years since inception, an annual progress fee exceeding 100% within the coming 12 months, giving the model the inspiration to take the model world.
D.Louise founder Olivia Jenkins began the model as she noticed a real hole out there for on a regular basis jewelry that wouldn’t tarnish after just a few wears.
Via a lot analysis she discovered a fabric that’s extremely sturdy – that means all items may be worn within the bathe, while exercising and sleeping with none hurt or injury.
Jenkins and the staff started working with Hewitt, via his advisory enterprise Whanau in February 2023.
The model wasn’t in search of funding, nonetheless when Hewitt approached them about working collectively on an extended term-basis – they felt his expertise and experience can be invaluable to scaling the enterprise.
D.Louise plans to make use of the funding to additional speed up its growth efforts – rising consciousness by partnering with key ambassadors and internet hosting offline activations resembling pop-ups and occasions.
At current the most important markets are the UK and the US with 95% of gross sales originating from the 2 areas.
Jenkins mentioned: “We’re thrilled to welcome Steve as our funding director. As a younger and quickly increasing direct-to-consumer model, we’re excited to have Steve’s experience on board to propel us in the direction of additional growth. We aspire to not solely dominate but in addition redefine the market, and Steve’s in depth expertise, notably his contributions to the direct-to-consumer big, Gymshark, will show invaluable on our journey.”
Hewitt added: “Nowadays companies with real, credible and compelling origin tales are a uncommon gem. Olivia Jenkins and the D.Louise staff have constructed the model round goal and provoking a group which is unbelievable to see and one thing very particular. The Whanau staff and I are extremely excited to be a part of their future journey and can’t wait to affix them as we develop the model internationally.’’