Spark Etail acquires Frank & Faith
Online ethical products retailer, Spark Etail, has announced that is acquiring ethical fashion label and online retailer, Frank & Faith.
Frank & Faith, founded in 2006 by Anya Pearson and Mark Swire to fill a gap in the ethical fashion market, designs, manufactures and retails fashion, accessories and lifestyle products. The label is known for using eco-friendly fabrics including organic cotton and bamboo.
Spark Etail is forecasting that the acquisition of the brand will increase group turnover to in excess of £15 million over the next year. Other companies in Spark Etail’s portfolio include Ethicalsuperstore.com, Natural Collection and Spirit of Nature.
Noel Lambert, managing director of Spark Etail said: “Since its inception, Spark Etail has grown significantly and in response to market demand we have been actively searching for a strategic acquisition to enhance our current fashion portfolio. Frank & Faith is an ideal fit for Spark Etail, as it has an established, loyal customer base and excellent ethical and organic credentials.”
Anya Pearson, co-founder of Frank & Faith added: “We are incredibly proud of Frank & Faith and we are confident that the acquisition represents an exciting new journey for the brand. We believe that the team at Spark will ensure the brand continues to evolve and as a result Frank & Faith customers will continue to enjoy even more collections of beautiful ethically produced fashion.”
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