Emirati brand Carter & White, specialists in luxury clothing and accessories, has successfully raised Dirham 40 million in their first round of Series A funding. The sustainable luxury and contemporary fashion’s goal is to be listed in global financial markets by 2027.
Carter & White aims to invest these funds to attract a new segment in regional retail markets of UAE, Saudi Arabia, GCC, and then Europe. The popular brand will open its first store in Al Faisaliyah Centre in Riyadh later this year followed by stores in Kuwait, Doha, Jeddah and GCC countries.
The Egyptian Giza premium cotton clothing brand will also open its first internationally based pop-up in Porto Cervo this September.
Abdullah bin Saeed Al Naboodah, Chairman of Carter & White, said: "We are proud of our accomplishments and keen to continue this trajectory in the GCC. We are gaining substantial ground in new international destinations also."
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