Latest news with #AbbasManai
Fashion United
27-05-2025
- Business
- Fashion United
Bloobloom secures three million pounds funding to bolster expansion
Bloobloom has announced the closing of a three million pound follow-on funding round which it said it would use to aid the roll out of European stores. The British eyewear brand also noted that it had its eyes on expanding its online presence in the US. The funding was led by Pembroke VCT, which had initially invested 2.5 million pounds into Bloobloom as part of a 4.8 million pound fundraise in 2022. For this latest round, the venture capital trust contributed two million pounds, alongside an additional one million pounds from Social Impact Enterprises. Through the fundraise, Bloobloom said it was 'well-positioned to scale its operations', expand internationally and grow its retail presence in the UK, where it currently operates seven stores across London. Founded in 2017, Bloobloom is dedicated to a tech-focused approach to eyewear, utilising its proprietary AI technology platform, Theia, to perform readings and interpretations of prescriptions in order to select the correct lenses for customers and analyse their eye health. The company has continued to grow since its inception, reporting over 100,000 active customers with a sales retention rate of 90 percent. Bloobloom further stated that it welcomed a revenue growth of 2.3x from FY23 to FY24. In a press release, co-founders of the brand, Fares and Abbas Manai, said in a joint statement: 'We are both excited and grateful as we embark on this next phase of growth, in partnership with some of the finest investors in the UK. This latest round of funding will enable us to continue enhancing our technology platform and to maintain the outstanding service we provide to our customers online, in store, and beyond, thanks to our Pair for Pair programme.'
Fashion Network
08-05-2025
- Business
- Fashion Network
Bloobloom in Spitalfields opening
There are no vacancy signs up within The Spitalfields Estate retail area of east London. French eyewear retailer Bloobloom has taken up the final placement for the property group just over two years after the historic Spitalfields market destination's renovation programme began. The eyewear brand has opened a 615 sq ft store with its interior resembling 'a serene Mediterranean escape where thoughtful design meets tranquility creating a fully immersive customer experience'. Alongside the brand's full collection of sustainably-made sunglasses and spectacles (priced from £99), is 'the full Bloobloom experience', including walk-in eye examinations with in-house opticians, adjustment and repair services and well as personalised style advice. Abbas Manai, co-founder of Bloobloom, said: 'Opening in a prime spot in Spitalfields E1 is the perfect next step for [us]. This location allows us to deepen our connection with the East London community. Spitalfields E1 is an exciting shopping destination, and expanding our retail presence here helps us grow our reach.'
Fashion Network
08-05-2025
- Business
- Fashion Network
Bloobloom in Spitalfields opening
There are no vacancy signs up within The Spitalfields Estate retail area of east London. French eyewear retailer Bloobloom has taken up the final placement for the property group just over two years after the historic Spitalfields market destination's renovation programme began. The eyewear brand has opened a 615 sq ft store with its interior resembling 'a serene Mediterranean escape where thoughtful design meets tranquility creating a fully immersive customer experience'. Alongside the brand's full collection of sustainably-made sunglasses and spectacles (priced from £99), is 'the full Bloobloom experience', including walk-in eye examinations with in-house opticians, adjustment and repair services and well as personalised style advice. Abbas Manai, co-founder of Bloobloom, said: 'Opening in a prime spot in Spitalfields E1 is the perfect next step for [us]. This location allows us to deepen our connection with the East London community. Spitalfields E1 is an exciting shopping destination, and expanding our retail presence here helps us grow our reach.'
Fashion Network
08-05-2025
- Business
- Fashion Network
Bloobloom in Spitalfields opening
There are no vacancy signs up within The Spitalfields Estate retail area of east London. French eyewear retailer Bloobloom has taken up the final placement for the property group just over two years after the historic Spitalfields market destination's renovation programme began. The eyewear brand has opened a 615 sq ft store with its interior resembling 'a serene Mediterranean escape where thoughtful design meets tranquility creating a fully immersive customer experience'. Alongside the brand's full collection of sustainably-made sunglasses and spectacles (priced from £99), is 'the full Bloobloom experience', including walk-in eye examinations with in-house opticians, adjustment and repair services and well as personalised style advice. Abbas Manai, co-founder of Bloobloom, said: 'Opening in a prime spot in Spitalfields E1 is the perfect next step for [us]. This location allows us to deepen our connection with the East London community. Spitalfields E1 is an exciting shopping destination, and expanding our retail presence here helps us grow our reach.'
