Monday, April 22, 2024
HomeNEWSGrowthdeck backs Bike Shed’s LA expansion

Growthdeck backs Bike Shed’s LA expansion

London’s Bike Shed has quickly become a vital part of the motorcycling scene in the capital. Set up by husband and wife team Anthony ‘Dutch’ and Vikki van Someren in 2011, the firm runs both the Shoreditch-based restaurant/bar and the eponymous custom bike show, tapping into the thriving modified bike culture.

The Bike Shed company recently kicked off the next phase of its development, opening another branch of its slick bikers’ bar/restaurant/hangout in Los Angeles, California. Private equity firm Growthdeck is backing Bike Shed with investment funds for the LA location, and is aiming to support further expansion in the US, Europe and Asia.

Charles Williams, investment director at Growthdeck, said: “We’re delighted to back the expansion of one of London’s coolest businesses into a global brand. Bike Shed has been a huge success in London and there is no reason why that success can’t be replicated in Los Angeles and beyond.

“As well as being an enormously influential part of motorcycle culture in the UK, Bike Shed has also become a very profitable enterprise. The quality of the company’s leadership is extremely high and they have proven their concept well in London. The next stage of growth is going to be a very exciting one.”

www.growthdeck.com

Previous article
Next article
RELATED ARTICLES

Product News

SHARE PRICES AND MARKET ANALYSIS

A snapshot of motorcycle and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 19...