Home fashion label Buster + Punch attracts £7m to power North America and Asia Pacific expansion
UK luxury interior fashion label Buster + Punch today announced a £7m commitment from UK investors Mobeus. The capital represents the second investment by Mobeus in B+P, with the total committed approaching £10m.
Buster + Punch specialises in fashion-forward designs crafted from rare, solid materials in a distinctive contemporary, industrial style. Founder Massimo “Buster” Minale’s passion for motorcycles, metalwork and sub-culture has created a global brand unlike any other, transforming ordinary functional home fittings, from the light switch to the door handle, into ‘must-have’ home details. Today the brand has amassed a devoted celebrity following and has positioned itself as the affordable luxury homeware label for the fashion conscious, offering hardware, electrical goods, lighting, furniture and lifestyle accessories.
Following the initial Mobeus investment in 2017, the business has continued to deliver consistent high growth across its ranges, with annual revenues increasing threefold, and reaching nearly £10 million in FY2020. Buster + Punch’s products are now sold in 99 countries via both its ecommerce platform and direct services to consumers, trade and retailers across the world. Buster + Punch also operates flagship showrooms in London, Stockholm and Los Angeles.
To support the continued growth of Buster + Punch, the new funding from Mobeus will be used to drive the global business plans of the fast-growing luxury interior fashion label with further expansion and strategic new penetration into North America and Asia Pacific markets.
Mobeus Investment Director, Greg Blin, commented:
“I’m excited by how far the B+P team has taken this iconic brand since we first invested in them just three years ago. It’s great to be backing another winner with some serious firepower, by scaling up our financial backing threefold!”
03 September 2020
“Over the last three years we have invested hard in our people, our systems and our products and all of our very special employees have been rewarded to see that our customers love our products and what we stand for… making ordinary things, extraordinary. The additional funding will allow us to continue our expansion, deliver an even better customer journey, invest more in our staff and bring more of those ‘extraordinary, ordinary’ products, in our unique design, to a much larger global audience.”
Buster + Punch CEO Martin Preen