185-year-old Bridgerton costumier Angels screens investors

One of the world’s starring supplier of costumes to stars of signifier and surface is successful talks to unafraid outer concern for the archetypal clip successful its 185-year-old history.

Sky News has learnt that Angels, which is based successful London, is moving with advisers to rise millions of pounds from the merchantability of a number involvement successful the business.

Kroll, the nonrecreational services firm, has been engaged to oversee the talks with prospective investors, which has been dubbed Project Carousel.

This weekend, City sources said that Angels - which was founded successful 1840 - had initiated talks with a fig of parties who had a way grounds of investing successful the media and showbusiness industries.

Initial offers are understood to person been submitted successful the past six weeks, with discussions ongoing.

The company's main clients see the BBC, Netflix, Amazon's Prime Video, Paramount Pictures and The Walt Disney Company.

It saw its fiscal show deed hard by the pandemic and past the Hollywood writers' and actors' strikes successful 2023, which brought overmuch of the movie and tv industries to a standstill.

Angels has been done 7 generations of household ownership, and is presently chaired by Tim Angel, a erstwhile president of BAFTA.

The institution was founded by Daniel Angel, who had arrived successful London from Frankfurt successful 1813 and acceptable up a barrow selling secondhand clothing.

Years later, erstwhile an histrion asked if helium could rent a suit alternatively than bargain it from Mr Angel, his prosecute concern took off, according to an past of the concern published online.

Notable moments successful Angels' past included being called successful during the 1920s to re-dress Madame Tussauds' postulation of waxworks aft the premises had been destroyed by fire.

The institution has supplied costumes for 47 Best Costume Oscar-winners, including Hamlet, Doctor Zhivago, Star Wars, Chariots of Fire, Braveheart, The English Patient, Shakespeare successful Love, The Great Gatsby, and The Grand Budapest Hotel.

It has besides played a relation supplying 37 Best Costume BAFTA-winners, according to accusation circulated by Kroll to imaginable investors.

In 2016, Angels was itself awarded a BAFTA for Outstanding British Contribution to Cinema.

Angels' postulation of costumes numbers much than 1 cardinal items, which would agelong for much than 10 miles if hung adjacent to each other.

Its erstwhile caput bureau connected London's Shaftesbury Avenue is present a fancy formal store with costumes disposable for hire.

"Our manufacture has been done immoderate of its toughest years, from COVID and strikes to the LA fires, astatine 1 constituent leaving implicit 80% of our assemblage unemployed," said Jeremy Angel, a manager of Angels.

"We stood by our staff, protected the business, and made it through.

"We are optimistic present with galore caller productions starting and authorities incentives coming successful [and are] seeking a tiny concern to assistance america turn and proceed supporting designers, directors, and actors, conscionable arsenic we've done since my household founded the concern successful 1840."

Angels is understood to person recorded a nonaccomplishment successful its past fiscal twelvemonth but is forecasting a instrumentality to profitability successful 2026, according to figures supplied by Kroll to funny parties.