Luxury perfumery Arran Aromatics received a £2.8 million growth capital investment from Business Growth Fund (BGF). The money will be used to upgrade its IT infrastructure and develop the company into a global brand, via a new ecommerce website.
BGF has taken a minority stake, and helped to appoint a new chairman, Alastair Kerr, to oversee Arran Aromatic's plans for growth. Mr Kerr is the former head of Body Shop’s European, Middle East and African operations, and so he's got plenty of experience in brand-building.
BGF investment director Duncan Macrae will also take a seat on the board.
Made on Arran, sold in 30 countries
Arran Aromatics employs 120 staff, and its products appear in the bathrooms of hotel groups like DeVere, Abode Hotels, Macdonald Hotels, Cameron House.
Each product is made and hand finished on the Isle of Arran, with each batch subtly different from the last.
The company also runs 10 retails stores and several concessions - and it hopes to reach many more customers with it's new website.
Iain Pittman, current chairman of Arran Aromatics, said:
"BGF’s growth capital investment will go towards brand development, upgrading our IT infrastructure, investing in our retail estate and allow for a significant investment in our ecommerce capabilities to drive our online business.
“The company has enjoyed fantastic support from Highland & Islands Enterprise, Scottish Enterprise and Scottish Development International over the past years and we hope these positive working relationships will continue to support further international growth and help take Arran Aromatics from a £5.2 million business to a truly global brand.”
Arran Aromatics is one of the few remaining toiletries companies in the UK to control every aspect of its products lifecycle; including design, formulation development and retail distribution.
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