'Holidaywear' retailer Style Passport gets 250,000 from taxpayers
20:13 GMT, 2 June 2012
Style Passport, a luxury online fashion and beauty boutique for women, has secured a 500,000 investment from the Government and private backers to expand.
The business was set up by Sarah Walter, a former Vogue journalist and wife of GQ editor Dylan Jones, last year.
Walter, who has worked for River Island and New Look, spotted a gap in the market for a ‘one-stop shop’ for women going on holiday.
Stylish: The business is a luxury online fashion and beauty boutique for women going on holiday
It is one of the first beneficiaries
of the Government’s 50million Business Angel Co Investment fund,
launched last year to boost small firms starved of cash by a slowdown in
The fund put 250,000 into Style Passport and this was matched by private ‘business angel’ investors.
- Heathrow queues: Air fares set to rise under plan to speed up passport checks
- Administrators" legal action may follow collapse of Life & Style Retail
- NHS joins the rush for online shopping at Amazon-style site
- Tesco boss Phil Clarke defiant as retailer"s profits fall in Britain
- Mothercare store closures: 111 more outlets to go as retailer strives to raise profits