Our Purpose

We exist to foster the future of modern luxury through perfectly balanced sustainability and growth.

Our Values

Empowering founders to focus on creativity.

The Principals

Extensive experience and visionary ambition.

Agoston Gubicza

Agoston Gubicza

As principal of private equity firm GB & Partners Investment Management, Agoston brings highly sought after and extensive experience as a mentor, entrepreneur and investor. Agoston has been a Board Member of Nanushka since 2016, at the commencement of the investment of the Fund.

He has worked for more than 15 years to manage complex multicultural projects, ventures and executive teams at an international scope and level.

Peter Baldaszti

Peter Baldaszti

Since 2016, Peter has been co-owner and CEO of Nanushka, where his work has resulted in tenfold business growth.

Peter’s impact has been evident through the introduction of innovative and ambitious business strategies to support the brand’s rapid international growth.

Platform Structure

Foundational support for empowered creativity.

  • Wholesale
  • D2C
  • New business models
  • Branding and Communication
  • Merchandising

Commercial

  • Financial management
  • Talent
  • Supply chain

Operational

  • Strategy
  • Investment

Strategic

The Portfolio

A powerful mix of fashion and technology.

With its signature vegan leather, Nanushka captured the imagination of both consumers and the fashion trade, demonstrating the sector’s future direction: sustainable, luxurious, and covetable.

Elegant minimalism and innovative craftsmanship are fused at Áeron. The brand is committed to blending consistent innovation, artisanal tailoring techniques and fine materials to striking effect.

Blurring the boundaries of online and offline sales with cross-channel functionalities, Skala’s fashion commerce solution builds on automation and data analytics. The result is strengthened consumer behaviour and interconnectivity.

Case Study

Nanushka: Our action

Case Study Nanushka

Areas

Before investment

Our action

Results

Wholesale

Expensive distributor agreement with low reach; no presence in key international markets.

Terminated distributor agreement, negotiated agency deals and later built an in-house territorial sales team.

Wholesale operation with more than 300+ account in 50+ countries. Store-in-stores and exclusives with major accounts.

Retail

Unprofitable retail location in Budapest; no international retail operations.

Changed Budapest store location and improved customer store experience with Nanushka Cafe. Optimised retail marketing and hired key people, including Los Angeles pop up and international expansion.

Budapest retail turned into a highly profitable outlet; opening NYC store at Soho, Mayfair, London store under construction, opening in September.

E-commerce

Unprofitable online partnership with local e-commerce provider.

Took e-commerce in-house, hiring key managers, implementing new software, optimising paid media spend and launching the brand on Farfetch.

Rapidly growing e-commerce operation; January 2020 is the first month grossing more than €0.5 M e-commerce turnover.

Manufacturing

Local heavy supply chain, high- cost manufacturing incapable of providing volume.

Improved supply chain with international partners and implemented fully-factored processes for selective product categories.

Improved margins and delivery times, on-time delivery resulting in higher wholesale sell-through.

Financing

Lack of proper financial planning, unstable cashflow, insufficient capital to invest longer term.

Provided equity for long-term projects, setting up financial operation ready to work with external partners.

Stable equity background for expansion, various credit facilities from leading banks.

Case Study

Nanushka: Our action

Wholesale

  • Before Investment

    Expensive distributor agreement with low reach; no presence in key international markets.

  • Our action

    Terminated distributor agreement, negotiated agency deals and later built an in-house territorial sales team.

  • Results

    Wholesale operation with more than 300+ account in 50+ countries. Store-in-stores and exclusives with major accounts.

Retail

  • Before Investment

    Unprofitable retail location in Budapest; no international retail operations.

  • Vanguards Action

    Changed Budapest store location and improved customer store experience with Nanushka Cafe. Optimised retail marketing and hired key people, including Los Angeles pop up and international expansion.

  • Results

    Budapest retail turned into a highly profitable outlet; opening NYC store at Soho, Mayfair, London store under construction, opening in September.

E-commerce

  • Before Investment

    Unprofitable online partnership with local e-commerce provider.

  • Vanguards Action

    Took e-commerce in-house, hiring key managers, implementing new software, optimising paid media spend and launching the brand on Farfetch.

  • Results

    Rapidly growing e-commerce operation; January 2020 is the first month grossing more than €0.5 M e-commerce turnover.

Manufacturing

  • Before Investment

    Local heavy supply chain, high-cost manufacturing incapable of providing volume.

  • Vanguards Action

    Improved supply chain with international partners and implemented fully-factored processes for selective product categories.

  • Results

    Improved margins and delivery times, on- time delivery resulting in higher wholesale sell-through.

Financing

  • Before Investment

    Lack of proper financial planning, unstable cashflow, insufficient capital to invest longer term.

  • Vanguards Action

    Provided equity for long-term projects, setting up financial operation ready to work with external partners.

  • Results

    Stable equity background for expansion, various credit facilities from leading banks.

x 20 growth
in three years

30M

20M

10M

0.77

2013

1.22

2014

1.55

2015

1.03

2016

2.47

2017

8.25

2018

19.59

2019

22.8*

2020

*post-COVID-19 adjusted forecast