Luggage firm grows with seven-figure investment
A luggage and travel accessory firm has expanded with a multi-million-pound investment.
Modrec International has moved to a warehouse in Benton, North Tyneside.
Bosses say the base provides a 25,000 sq ft floor area and more than 60,000 cubic metres of space, uniting warehouse and office-based operational staff under one roof.
They add the hub – which can hold up to 3000 pallets – offers “vast opportunity to serve existing and new clients, and develop consumer brands and direct-to-consumer commerce”.
The site includes a showroom, photography studio and office space for expanded sales, marketing and back office teams.
The move comes just weeks after Modrec launched A2B Luggage, its first new brand in 15 years and first foray in the direct-to-consumer retail market.
Syd Snowball, founder and chair of Modrec, whose product portfolio includes leather wallets, purses, travel bags and suitcases, said: “Our business has expanded enormously in recent years, and the new space serves both our dedicated team and our global customer base perfectly.
“The investment marks a long-term commitment to capitalise on what we see as big opportunities for us, both through long-term licensing agreements with international brands and supercharging our own ambitious plans to develop our own luggage and travel accessories business.”
Modrec has owned licences for Pierre Cardin and created licensed travel goods, luggage and accessories for international companies including Mercedes-Benz, Audi, Virgin Airlines and British Airways.
Its stable of brands also includes Gino Ferrari and Amica.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work