The investment will see the opening of a flagship store in London “dedicated to the full Temperley London experience” as well as international expansion.
Founded in 2000 by Royal College of Art and Central Saint Martin’s alumni Alice Temperley, the brand is stocked at premium retailers including Matchesfashion and Farfetch and has stores in Somerset, Dubai and Qatar.
Alice Temperley and Luca Donnini will remain as creative director and chief executive of the business following the deal.
Alice Temperley said: “This alliance opens a door to new horizons, allowing the Temperley London collection to extend its reach into bags, shoes, ready-to-wear, accessories, and swimwear, captivating fashion enthusiasts all around the globe.”
Ritesh Punjabi, CEO and founder of Times Square Group, said: “This partnership is not only about business, but about redefining the luxury fashion and lifestyle landscape in the UAE. Operating from the heart of Dubai allows us unparalleled opportunities, and we consider ourselves extremely fortunate to contribute to the city’s rise as a beacon of luxury retail on the world stage.”
