In a game-changing development, Stubble & Co, the acclaimed manufacturer of ultra-functional bags, has received a substantial multi-million-pound investment from Growth Partner, backed by HomeServe Founder Richard Harpin. This strategic move positions the fast-growing lifestyle brand for accelerated expansion and global prominence.
Growth Partner’s acquisition of a significant minority stake in Stubble & Co marks a pivotal step in the brand’s journey towards becoming a leading global lifestyle entity. Boasting an impressive Compound Annual Growth Rate (CAGR) of 173% over the past three years, Stubble & Co is poised to achieve £10 million in sales this year, showcasing its robust market presence.
Established in 2017 by the visionary duo Victoria and Ben Watkiss, Stubble & Co emerged from a shared passion for travel, resulting in the creation of both practical and stylish bags. The Roll Top product range, featuring the best-selling Weekender XL, has been a driving force behind the brand’s success. Diversifying its product offerings, including the popular Tote Bag, Stubble & Co offers a range of products with prices starting at £30 for a Wash Bag and reaching £185 for the Weekender XL.
Remaining independent for six years, Stubble & Co has leveraged its Shopify Plus e-commerce platform to drive sales. The brand’s commitment to sustainability, contributing 1% of annual sales to approved environmental non-profits and achieving Certified B Corporation status, adds a compelling layer to its market appeal.
This strategic investment aims to propel Stubble & Co into new product categories, sales channels, and international markets. The brand’s collaboration with Brentford FC as the official bag partner has paved the way for additional strategic partnerships, aligning with the ambitious goal of surpassing £100 million in annual sales.
Richard Harpin, expressing enthusiasm for the investment, highlighted Stubble & Co’s agile and purpose-driven approach, commending its exceptional product development and rapid growth. This collaboration positions Stubble & Co for an exciting phase of expansion under the strategic guidance and support of Growth Partner. Stay tuned for the brand’s meteoric rise in the global lifestyle market.