78
Fashion Jobs
ADIDAS
Customer Fulfillment Senior Manager, See
Permanent · ATHENS
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
Published
Jun 29, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

Secret Sales raises €10m in new expansion funding

Published
Jun 29, 2021

It seems 4,000% growth in a year isn’t quite enough. So fashion and beauty online discounter Secret Sales wants yet more growth to ensure it remains at the forefront of the booming sector.


Image: Secret Sales


To that end, the business has secured €10 million (£8.5 million) in Series A funding. It comes a year after being acquired by retail entrepreneurs Chris Griffin and Matt Purt.

Secret Sales said it would use the money to scale its e-commerce platform and expand its operations in the UK and overseas. The business is also planning to launch into new territories this year and “bring on board hundreds more brands and retailers”, it said.

The company, which currently offers 700 brands on its platform, is due to go live in six more countries in the next year.

“Following an exceptional first year, we are now ready to accelerate domestic and international operations, spearheading a new era for the discount sector”, CEO Griffin added.

“Our Series A funding round from experienced investors validates the significant opportunity for Secret Sales’ business model worldwide, and will allow us to meet increasing demand from brands and retailers looking for an upmarket, profitable and sustainable way to sell non-full-price inventory”, he added.

The funding round was led by private equity and growth capital investor Perwyn Growth Capital and supported by Belerion Capital, the e-commerce investment specialist and early-stage investor in ASOS, The Hut Group and Boohoo.

Ravi Sharma, partner at Perwyn, added: “We have been extremely impressed by what the management team has built to date and look forward to the coming years as we look to scale the business further”.

Iain McDonald, founder at Belerion Capital, also said: “Secret Sales is revolutionising the way brands deal with excess stock through a technology-driven, capital light model. We are very happy to support the team as the business begins its next stage of growth.”

Copyright © 2024 FashionNetwork.com All rights reserved.