Addleshaw Goddard advises Bridges Ventures on Clothingsites.co.uk investment

Online clothing retailer Clothingsites.co.uk is set to create more than 100 jobs after securing investment from Bridges Ventures in a deal advised by Addleshaw Goddard.

The Cheshire-based company, which operates three websites selling premium menswear, out-of-season stock at discounted prices and trainers and shoes, will mainly use the capital for stock, recruitment, technical upgrades and the relocation to a larger warehouse.

Clothingsites.co.uk is planning to create jobs for the local area, which is known for having high levels of unemployment.

A team from Addleshaw Goddard, led by corporate partner Mike Hinchliffe, advised investment firm Bridges Ventures on the deal.

Addleshaw Goddard previously advised Bridges on the sale of a majority stake in The Gym Group to Phoenix Equity Partners last year.