Rag and Bone Finds Investor, Plans World Domination

Rag & Bone is on a mission. In the past year designers David Neville and Marcus Wainwright embarked on a number of firsts: their first-ever handbag (the double-pocketed Pilot satchel), their debut ad campaign (starring none other than Kate Moss), and the opening of their first European store (in their hometown, London). Not bad for a brand that’s barely 10 years old.

Well, expect even more firsts to come from the rapidly rising label, which has found a new investor in Irving Place Capital, WWD reports. Rag & Bone’s newest backer joins Theory co-founder and CEO Andrew Rosen, who, along with the designers, each now own about a quarter of the brand.

According to the designers, Rag & Bone has been growing at a rapid-fire rate of 100% each year for the past six years. And now, with new funding, the brand is eyeing more expansion into the digital and international markets.

“This company is a rocket ship and the people who run it are unbelievably talented,” Irving Place’s John Howard said. “I love the brand.” We couldn’t agree more.

–Heather Corcoran

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Image: David Neville and Marcus Wainwright by Joe Schildhorn/BFAnyc.com