The brand has announced that it has closed on a $14.5 million Series A funding round, financing which will allow the company to invest in its manufacturing capabilities, as well as in further material innovations.
Lyle & Scott is to open its first store in the UK’s capital with a debut at London Designer Outlet (LDO). It follows a number of labels that have signed up for an LDO shop since pandemic restrictions were eased.
Following an eventful year, during which the company navigated the Covid-19 pandemic and acquired cult streetwear brand Supreme, VF has reported Q4 revenue of $2.6 billion, up 23% from the prior-year period.
The Denver, Colorado-based owner of brands including Vans, The North Face and Timberland announced on Thursday that it has appointed company veteran Matt Puckett as executive vice president and chief financial officer.