British jewellery brand Monica Vinader has announced the appointment of its first chairman and a new commercial director as part of the company’s international expansion plans.
The business, run by Monica Vinader and her sister Gabriela, has seen continuous year-on-year growth since its launch in 2008. Accounts show turnover has risen from £19.8m to £26.4m, with sales increasing 33% for the year ending July 2016.
In addition, international sales have increased by 83% to 9.5m (2015 £5.2m) and now represent 36% of the business (up from 27% in 2015).
Monica Vinader is currently sold in 12 countries and the business continues to increase its global footprint with further openings in the US, Singapore and South Korea in the coming months.
In February 2016, Piper, the leading specialist investor in consumer brands, led a £20m investment in Monica Vinader alongside US consumer specialist Winona Capital to help the brand accelerate growth in the US and continue enhancing its e-commerce channel.
Incoming chairman Julian Granville has been chief executive of Boden since 1997, having initially joined the clothing retailer as finance director. Since then he has helped turn Boden into a household name and launched the company’s hugely successful US business. Prior to Boden, he worked at Coopers & Lybrand (now PwC).
Erica Allen has been appointed as new commercial director. Allen (née Chang) was previously director of international at Farfetch and US product manager at Net-A-Porter. Educated in the US, she began her career as a consultant at Deloitte.
Chief executive officer, Monica Vinader, comments: “We are pleased to have delivered another strong financial performance and see the brand thrive in new territories, further increasing its global presence.
“We’re delighted to be joined by senior talent of the calibre and experience of Julian and Erica. Their appointment demonstrates the scale of our ambitions and their insights and expertise will be invaluable as we drive Monica Vinader’s growth across the US and beyond.”