Quayle Munro has advised Stephen Webster Ltd, the UK independent luxury jewellery company, on a significant investment by Yucaipa Global Fund LLP.
Under the creative direction of Stephen Webster, a five-time winner of the British Luxury Jeweller of the Year award, Stephen Webster Limited has experienced rapid growth over the past several years with sales doubling in 2006 to £8 million.
Currently, Stephen Webster has more than 60 points of sale worldwide, including wholesale and franchise accounts in the United States, United Kingdom, Russia, Dubai, Japan, South Korea and Hong Kong. With the support of the Yucaipa Companies, Stephen Webster plans to invest in extensive retail expansion, distribution and marketing, with new lines and products.
“Stephen Webster has grown into the success it is today through its unwavering commitment to craftsmanship and Stephen’s 30 years of experience in serving the luxury consumer with innovative designs. With the appropriate financial support, the growth prospects for Stephen Webster within the luxury jewellery market are extremely compelling. We are very excited about the partnership,” said Ron Burkle, Managing Partner of The Yucaipa Companies.