Some of Britain’s leading entrepreneurs and financiers are facing significant financial losses from the implosion of Vashi, the upmarket jeweller.
Sky News can reveal that Sinclair Beecham, the co-founder of Pret a Manger, Nick Wheeler, founder of the shirtmaker Charles Tyrwhitt, and William Jackson, chief executive of London-listed private equity firm Bridgepoint, are all investors in Vashi.
The trio are among a significant number of individuals who pumped tens of millions of pounds into the jeweller, which sold bespoke items such as engagement rings costing hundreds of thousands of pounds.
City sources said on Thursday that other prominent individuals were also investors in Vashi’s parent company, Diamond Manufacturing Ltd.
JamJar Investments, the venture capital firm set up by the founders of Innocent Drinks, is also among its shareholders.
Richard Reed, one of the Innocent founders, was named in an investor presentation created by Vashi as an adviser to the brand, saying it had “the potential to do to the jewellery establishment what Airbnb did to hotels – upturn the current consumer proposition, give a better, more authentic personal experience, create an entirely new and better way”.
The post Top entrepreneurs and financiers caught up in collapse of luxury jeweller Vashi appeared first on Worldinfo Daily Updates.
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