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Investor Intro Latest
Services and
Markets Act (‘FSMA’) 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual
to a significant risk of losing all of the property or other assets invested.
MY WARDROBE HQ is a social
community for affordably renting,
buying, and selling designer fashion
items from individuals and brands.
The Crisis
Throwaway garments contribute more to climate change than air Sustainable fashion is the zeitgeist and MY WARDROBE HQ
and sea travel combined. In the past 15 years, global clothing offers a solution for the retailer and the consumer; brands can
production has more than doubled to meet demand and every day earn additional revenues through rental income, while
more media stories report on the harmful effect fashion is having on consumers can monetise unworm items in their own
our planet. With the clothing and footwear industries accounting for wardrobes. Apiring buyers whom cannot afford designer
a combined estimate of 8% of the world’s greenhouse gas emmis- items full price, can both rent and buy items listed.
sions, retailers, designers, and manufacturers are under increasing
pressure to use more sustainable business practices. With retail pundits predicting that rising costs associated with
Brexit will increase retail prices by 10% and brands moving
The balance of power in fashion has shifted, once and for all, away away from mass high street to produce less at a higher price
from sellers and toward well informed, mobile, socially-connected per item, the environment is prime for a new business model
consumers. Price Waterhouse Coopers predicts the sharing econo- to emerge that is technology driven.
my will be worth £140 billion by 2025 and consumers are exerting
their power to make conscious choices towards higher standards
and reusable clothing.
Value Proposition
The Market
The value of unused clothing in wardrobes has been estimated at around £30 billion with an estimated £140 million of clothing going
to landfill annually in the UK alone. Meanwhile beautifully crafted, ethically produced items are often cleared for a tiny % of their value.
MY WARDROBE HQ wants to turn this upside down by showing consumers that if they buy less, buy better and rent it out, they get a
better return on their investment.
MY WARDROBE HQ is creating a sense of social cohesion, a community of sharers who view rental as a mark of distinction and a
smart choice from an economical and social perspective.
• 18m female consumers aged 16-64 • Annual UK Expenditure on • £1.2bn to £2.4bn - Estimated
‘Premium Lifestyle’ clothing £value of SOM
£3.5bn
Product & Technology The Business
MY WARDROBE HQ has created a bespoke flexible MY WARDROBE HQ’s business model is predicated in its early
technology solution which caters for our unique P2P/B2C years on a pure commission play from rental and sales activity on
business model. Our technology ensures we are nimble and the platform. Merchandise is sourced on a consignment basis from
responsive to the needs of retailers, brands and brands, retail partnerships and private individuals. Our intention is
consumers in a rapidly changing retail landscape. to source inventory predominately from brands and retailers,
gradually moving to a more evenly balanced share across all
Supported by an in-house tech team, MY WARDROBE HQ sources as the P2P market matures and individuals become more
has built a fully operational sophisticated website and App accustomed to managing and fulfilling their own inventory.
with integrated secure payment systems as well as FCA
authorised and regulated KYC protocols. Custom ERP soft- As the business becomes more established, we envisage that a
ware has been designed to automate account, inventory and growing share of the revenue will be derived from sales channel
order management and improve efficiencies in customer partnerships and subscribers paying recurrent fixed monthly fees
services and operations. for access to multiple items to rent each month, creating a long-term
sustainable business model and stable cash-flows.
In order to offer seamless and reliable service to customers
and build credibility with designer brands, MY WARDROBE MY WARDROBE HQ’s team of 15+ employees and advisors
HQ has built a streamlined merchandising process, include 40+ years of deep sector fashion retail expertise and sea-
electronic tracking, warehousing and fulfilment where all soned professionals in technology, off-line and digital marketing,
items are barcoded for instant identification of ownership, legal, finance, logistics, merchandising and branding.
location and status. From the sourcing of inventory to
packaging and delivery, garment cleaning and preservation, Indicative Fundraising Round
our logistics are eco-friendly and sustainable.
Our funding journey to date has seen us raise circa £800k which
Our partnership with Vault Couture, London’s most sought- has been deployed on platform development, brand building, initial
after storage location, offers our customers museum quality, wave of hires, and creating adequate operational runway whilst we
secure and climate controlled storage for delicate and valu- demonstrate proof of concept, pending our planned £2m SEED C
able of items. In addition, we have deals in place with major raise at the beginning of 2020. This will be used to finance further
turnkey fulfilment operators, shippers, insurers, couriers and platform development and integration capabilities with 3rd parties,
eco-cleaners. logistics and operations as well as support our digital and off-line
marketing initiatives.
MY WARDROBE HQ will be uniquely positioned to provide
in-depth market analysis to buying teams across the market We’ve proven brand traction, created strong brand awareness and
to inform their decisioning on future orders. In an informa- processed in excess of 350 orders during our beta test phase to test
tion age, our proprietary data will generate true, long-term customer user journies and build competency in inventory sourcing,
enterprise value. account management, order processing and fulfilment.
Working capital to
support customer traction,
operations and key hires
£6.5m
£3.2m
£2.5m £2m
£703k
£70k
Headline press in the Financial Times, The Times, • Ex. CEO of Whistles and brand director of TopShop, Jane
The Guardian, The Evening Standard, The Daily Mail, Sky News Shepherdson, has signed on as our Chair and Brand
and main fashion glossies has increased our social media reach Ambassador. Already Member of the Order of the British
and database to circa 350,000K with over 3,000 customers Empire (MBE), she was appointed Commander of the Order
having signed up for managed user group testing. of the British Empire (CBE) in the 2015 New Year Honours for
services to UK retail business. Jane Shepherdosn is hosting
Very positive feedback from beta test group e.g. Sunday Times our table at the British Fashion Awards and the outreach of
columnist Laura Atkinson commenting “the best by far is MY attendees is in excess of 16 million followers!
WARDROBE HQ”
• We have a lot of exciting projects underway, namely dressing
75 celebrities and influencers for the British Fashion Awards
including Poppy Delevingne, James and Sofia Blunt and
Millie Mackintosh.
60 Designer
Brands Directly LAUNCH
Signed &
Counting
Wear the
Walk Beta Testing British Fashion
Acquisition Commences Awards event
Serpentine
Gallery Event Brompton
Cross Pop-up
SEED A SEED B
Closed Closed
Lift Off
Creating Brand Awareness Focus group Beta testing orders Launch
The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and to a significant
risk of losing all of the property or other assets invested.