Agathos backs branded merchandise business Tuesday, September 29th, 2015
Founded over 20 years ago, Dukes of London is a premium-brand promotional-merchandise company that provides goods and services to blue-chip corporations and public bodies worldwide, with offices in London and Mainland China, and partners in USA, India and Australia.
Dukes of London provides branded clothing, gifts, product innovations and highly creative ideas that help businesses promote their brands. By sourcing globally, Dukes offers its clients an unrivalled range of products, bespoke items and competitive pricing.
Douglas Grays, Dukes’ CEO, will continue to lead the business and drive the growth of both the UK and Asian operations with the support of Stuart Shepherd, Sales Director.
The Agathos team will provide financial, strategic and operational support to the Dukes management team. Ray Peck will join as Chairman. Ray brings 29 years of senior-management experience in UK and European office products, print management and marketing services.
Ray Peck commented: “The investment will provide a firm foundation from which to grow. The move cements Dukes as a strong, thriving business and will facilitate further development of the group’s global customer base.”
Douglas Grays added: “We are delighted to have Agathos on board. Through our established bases in London and Asia, and our connections with partners in North America, we manage a number of significant global contracts. With the Agathos team’s specialist skills, resources and finance, we will be able to take the company to the next stage of growth and development. We are excited about the future and the opportunity for potential complementary acquisitions.”
William de Laszlo, Agathos Founding Partner, said: “Dukes has built an exceptional reputation for delivering valuable expertise and merchandise to some of the world’s leading companies and we share their entrepreneurial vision for the business’s future.”
The opportunity to invest in Dukes was introduced to Agathos by Aqvvs Capital an independent UK-based firm that sources alternative investment and funding solutions for established businesses.