NPM Capital backs Suitsupply

The injection amounts to 'tens of millions of euros', according to Dutch daily Het Financieele Dagblad.

The fresh capital will be used for the further development of the omnichannel retail concept, the conversion and restyling of existing stores and the opening of new stores, with a focus on China, according to an NPM statement. 

The GP is increasing a minority stake previously owned in the business. NPM first invested in Suitsupply in 2017, when the company operated 91 stores in 73 cities on three continents. At the time, more than 75% of sales were generated outside of the Netherlands, and almost 30% of sales occurred online. The backing of NPM has allowed Suitsupply to open stores and grow the organisation.

Company
Founded in 1999 as a seller of tailor-made suits and shirts for men, Suitsupply now offers a wide range of suits and other items for both men and women.

The firm designs, sources, produces and distributes its products  through a network of physical stores and a webstore.

Employing 2,000 people, it generated revenues of €300m last year and manages 110 shops in Europe, Asia and the US, according to Het Financieele Dagblad.

People
Suitsupply - Fokke de Jong (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Benelux
• Consumer
• Netherlands
• NPM Capital