revenueshareRevenue
Capital at risk
12
Est. Months
13.5%
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Est. Monthly repayments
£

Iconic tailors, Mark Marengo, emulate the tradition of Savile Row and give it a contemporary and sustainable twist. As established returning clients, their admirable growth has taken them worldwide from London to Paris, and further afield as they are currently expanding and making their mark in China and the USA. Mark Marengo offer elegant bespoke suits and original accessories, and will use the money raised to develop their new made-to-measure service which you can sample through the reward offered.

Classic British tailoring with a twist

Mark Marengo is a brand based on his signature style of sharp-cut tailoring. Mark himself entered the fashion world as a tie designer, showcased worldwide. After expanding his label to include suits, shirts, and hand-made shoes, he opened several shops in London's West End and eventually consolidated them into one flagship store on Savile Row. Now working predominately from their Moorgate showroom with a team of in-house tailors, Mark Marengo are expanding further into China following a successful collaboration with Harvey Nichols.

All Mark Marengo garments are made with the highest quality materials from the UK and Italy from small, specialist workshops. We also put effort into ensuring all materials are made from natural fibres, ethically sourced and sustainable. Our wide prêt-à-porter collection includes half-canvas tailored suits, finely crafted cotton shirts, hand-made silk ties and leather shoes, and has won us the approval of influential people and organisations. For example, we have dressed A-list celebrities like Jamie Foxx, who wore one of our jackets to the Michael Jackson Memorial Concert, and have tailored for the iconic Sketch restaurant in London. We're also in talks to do the same for the luxurious Shangrila Group.

The next step for Mark Marengo is to focus on the made-to-measure service while continuing to expand globally. This new service allows our clients to pick from hundreds of fabrics to tailor a bespoke suit, all fitted within 30 minutes. The price range starts at £699 and goes up to £3,000. On top of this, we're expanding this service to include made-to-measure shoes, using foot-scanning technology. This concept encapsulates speed and convenience, without compromising on quality and style. We will use the funds raised in this campaign to develop and refine this service, which we believe is the future for fashion retail.

X

Business keeps the raised amount even if target is not met.
Revenueshare - product type
Tranche (1 of 4)
£ 75k
Raised
£ 25k
Investors
192
Estimated close date
Funded 4 months ago in 10 days

Where will the funds go?

Development of made-to-measure service
£75,000

Key people

Mark Marengo
Director
Red cup

Investor rewards

Tailored for you

If you invest £200+
£250 discount on a made-to-measure suit (for non-existing Mark Marengo clients)

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A. Hi Simon,I am not at all worried about Brexit,on a personal note I lived in France till the age of 18, and my parents are retired there, despite all my advantages (I speak of 4 European languages), we don't sell to stores there, the growth is all in Asia, re manufacturing we make in Italy and China,I don't see any duty applied to European goods, so the only effect that we might see is having to pay vat on receipt of merchandise like we do with china ,so no big deal at all.

A. No this is not correct at all, and sorry its not clear in the marketing maybe.We have 2 showrooms in London,one being in Homehouse where we have a luxury suite which is on par with what we had in Savile Row but at a much much lower cost.
Furthermore we have 11 years on Savile Row that is our heritage and will be with us forever...I would also point out that Savile Row has lost its cache, our shop for example is still boarded up nearly 2 years since we vacated it! The street has no passing trade.

A. Hi Colin, 6 years ago we had 7 stores in London...we have always paid all suppliers and landlords,Always.Likewise we have honoured all loans and hence crowd2fund is supporting us with another round of investment.I don't know how they reach their score ,if its down to being late in paying then yes this has happened in the past due to not being able to get out of store leases after the credit crunch.Its why we see a bright future without stores and why I am backing the whole thing personally.

A. Hi Colin,
Thanks for pointing that out, we are in our final phase of implementing the Made to measure system with showrooms around the world and launching websites with functionalities to support the new system.This is what we are using the money for and it will be the last finance we will need as we have very low costs now with the closing of our retail stores.

A. I don't believe in off the peg, its not fit for purpose any longer in this day of online shopping...Clients are fed up returning garments not fitting correctly, we address this with mtm on whole product range.

A. Hi Jocelyn our clients are not the type to post online reviews,If you look at the ones on google they are very positive..Part of the finance is being used to relaunch Brand new websites with the new mtm system on them.China has a massive market for high quality MTM and I would point out we have sold to Harvey Nichols in Hong Kong for 20 years now...just because a market is known for cheap suits or shirts does not mean there is no opportunity quite the contrary.

A. Hi Jacob,
This is confidential but obviously we have shared these with crowd2fund..all I can say is we have lowered our costs by 350k in the last year so things are looking very good indeed and we now have 400 clients on our new mtm model, we achieved this in the space of 6 months, we are now seeing a domino effect with new clients joining and ones on the system buying again.The satisfaction level is 100% and its why we have offered the award for a made to measure suit to you investors.

A. i expect to double turnover, we have launched in Hong Kong with our team there just last weekend, and launching new websites in february..I expect we will make 250k profit if we double turnover.The beauty of new model is very little stock.

A. Hi Mark I am financing it, I have substantial property assets.Last year we actually did a very small loss, and now the stores are all closed we are in profit, we have moved in 3 years from ready wear to ultra fast made to measure in 18 days.Also we have stock all paid for in ready wear as you can see from my websites that at retail value at sale price is worth 350k when sold.The launch of the new websites will accelerate to clearance of these items online and have big impact on our bottom line.

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Business brand

W1S, UK

"Classic British tailoring with a twist"

Incorporated
14 years, 3 months
Equifax score
13 / 100
Equifax Grading
powered by Equifax
Low score
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