Sales set to climb 85% on 2013 as business eyes international growth.
It seems nothing can stop jewellery brand Monica Vinader, which has forecast turnover to hit £14 million by the end of the year, with sales figures climbing 85% year-on-year.
As reported by Business of Fashion, the Norfolk-based brand has plans to become a global jewellery business in the next five years.
Monica Vinader, known for its gemstone jewellery and engraveable friendship bracelets, told the title that it is seeking to become an international player with plans to hit turnover of £50 million by 2019.
The brand, which is headed up by its namesake founder Monica Vinader and her sister and co-director Gabriela Vinader, recently opened a new flagship store on Duke of York Square close to the King’s Road in London, and has also moved into Hong Kong with a standalone store.
The business secured £2.5 million of capital in 2013, which it aimed to use to "accelerate growth plans", including the opening of UK own-brand boutiques and international distribution.
Overseas, the brand is already sold in Vinader’s native Spain, The Netherlands and the UAE.