Luxury accessories specialist, Handbag Clinic, based in the UK, has secured an impressive £800,000 investment from the North East Venture Fund, which is supported by the European Regional Development Fund. This investment will play a pivotal role in the company’s growth as it plans to enhance its technology and innovation, expand its senior management team, and drive growth throughout the UK. Handbag Clinic aims to create around 20 new positions at its headquarters in Burnopfield, County Durham.

As part of its expansion plans, Handbag Clinic has made two significant appointments. Beatrice LaFon, former CEO of Claire’s Accessories, will serve as chair, bringing with her a wealth of industry expertise. In addition, Ian Griffiths, the founder of the successful WhoCanFixMyCar website, will join as a digital strategy consultant. Both individuals are expected to greatly contribute to the company’s growth and success.

Handbag Clinic is renowned for its expertise in restoring and reselling luxury bags. Currently, the company restores approximately 700 bags and resells around 300 bags each month. Their impressive client list includes highly coveted brands such as Hermès, Chanel, Louis Vuitton, Dior, and Gucci. With physical stores located on London’s King’s Road and in Leeds, as well as concessions in Fenwick stores in Newcastle and Colchester, this upscale retailer has established a strong presence in the luxury market.

Despite the challenging trading conditions presented by the ongoing pandemic, Handbag Clinic has consistently achieved growth and experienced record-breaking online sales. Founder Charlotte Staerck is thrilled to welcome Beatrice and Ian to the board, recognizing their valuable expertise and their alignment with the company’s vision. By combining their industry knowledge with the recent investment, Handbag Clinic is poised to realize its ambitious growth plans and elevate the brand to new heights.

In the second quarter of 2020, Handbag Clinic reported a remarkable 500% increase in online sales, contributing to an impressive year-on-year growth rate of 306%. These figures highlight the company’s resilience and adaptability in the face of adversity.

For more information about Handbag Clinic and its luxurious offerings, please visit their website [Add relevant URL here].

Additionally, if you are interested in learning more about the North East Venture Fund and how it supports innovative businesses, please visit [Add relevant URL here].