Lansdowne takes a stake in luxury online retailer Achica
Lansdowne Partners, one of the world’s largest hedge funds, has bought a stake in online luxury lifestyle store Achica.
Lansdowne’s investment was disclosed in documents filed at Companies House, which also said that the company is considering an initial public offering at some point in the future.
Achica’s chief executive Steve Robinson, who previously headed up Tesco Direct, said in a recent interview that the business is looking to expand internationally.
Achica is a members-only online homewares retailer that offers discounts through so-called flash sales. It was co-founded in 2009 by Quentin Griffiths, one of the co-founders of Asos and Will Cooper, who was head of the internet marketing company TradeDoubler.
Private equity firm Balderton Capital was an early investor.