Former Tesco, ASOS execs invest in Gilda & Pearl

Luxury nightwear brand Gilda & Pearl has secured a new investor group consisting of some of the UK’s biggest players in retail.

The group is made up of Jon Kamaluddin, the former CFO and head of International at ASOS, and Sir Terry Leahy, who headed up Tesco from 1997 to 2010, increasing the company’s UK market share from 20% to 30% during his tenure.

Bob Willet, the former CTO at Best Buy and the current chairman of Metapack, and the William Currie Group, which has backed a number of successful e-commerce businesses including Asos, have also invested in Gilda & Pearl.

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The investors will work alongside founder Diane Houston to ensure the brand’s continued growth in the UK and international markets.

Gilda & Pearl has also announced the appointment of Richard Hinzel as managing director.

Hinzel joins the business with extensive experience at senior executive level, building and guiding brands with a focus on strategy, design, product development and integrated communications.

He is also a partner in brand design agency Joe Doucet x Partners, which he continues alongside his commitments to Gilda & Pearl.

Houston commented on the news: “I have very ambitious plans for the business moving forward and to continue growth at this pace, Gilda & Pearl requires additional commercial and digital expertise – which comes in the form of our newly appointed managing director Richard Hinzel.

"I’m also very fortunate to have secured an investor group who all have considerable experience with online brands and digital technologies. Their collective experiences will help shape and develop our online presence and integration of technology, which is critical for future expansion.”

Hinzel said: “Gilda & Pearl is a special brand, its focus on the highest quality fabrics, hand-making techniques and breathtaking design make it stand out in today’s world. As such, I’m incredibly excited by the opportunity to work with Diane to prepare the business for its expansion and longevity.”

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