Scottish outerwear label Mackintosh secures £1.5m for global growth

Bill Burnett, Robert Stark and Willie Ross with a Mackintosh coat

Global fashion brand Mackintosh, is expanding internationally with a new retail outlet planned for New York, after securing a £1.5 million funding package from Clydesdale Bank.

The Cumbernauld-based business, which has been producing its iconic handmade rubberised coats since it was founded in Scotland in the early 20th century, manufactures and supplies designer jackets and outdoor wear to top luxury fashion outlets worldwide. The business also owns retail locations and showrooms in London, Tokyo, Milan and most recently New York.

The business has received a £1.5 million funding package to assist with the expansion of both its manufacturing facilities in Nelson, Lancashire and the move to a new factory in Cumbernauld.

The measures are part of the company’s ambitious plans for global growth. A new retail outlet on Madison Avenue, New York opens in February 2017 and future plans for a showroom in Paris are in the pipeline. The company opened its first London store in 2011.

The business has increased its turnover from £1.6m in 1997 to £7.8 million as of March 2016 with over a dozen new staff being hired over the past four years.

The funding package to assist with the organisation’s growth was facilitated by Robert Stark, Relationship Manager at Clydesdale Bank’s Customer Banking Centre in Stirling.

Bill Burnett, Finance Manager at Mackintosh said: “It is a very exciting time for the business as we aim to expand our global reach. Securing the funding from Clydesdale Bank has allowed the business to thrive and we aim to continue our growth over the coming years

“We have been a customer of Clydesdale Bank for over 20 years and the team has always demonstrated a real willingness and positive approach to assisting us in reaching our ambitions.”

Relationship manager Robert Stark, said: “Mackintosh is a well-established and highly-regarded brand, recognised worldwide. It’s great to see them grow into new markets.

“Clydesdale Bank is proud to support businesses and help them achieve their growth ambitions. We look forward to continuing our relationship with Mackintosh as they look to expand further.”