The Lewis Trust Group which is owned by the family behind River Island has bought a stake in womenswear brand Mint Velvet. Mint Velvet operates 92 concessions in John Lewis, Fenwick and House of Fraser as well as 28 of its own stores. It also sells online. For the year to 30 April 2015 it posted £63.1 million sales.
“Our growth has been phenomenal since we had the idea around my kitchen table six years ago and the significant stage taken by LTG will enhance our ability to expand in the UK and into new international markets,” commented Liz Houggton, CEO and co-founder of Mint Velvet.
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