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 AERON. The brand is committed to blending consistent innovation, artisanal tailoring techniques and fine materials to striking effect.

Founded and based in Milan, SUNNEI combines the Made in Italy expertise with creativity and timeless authenticity. Going beyond any traditional fashion scheme and connecting to present times, the brand has emerged for its peculiar language which plays with the dualism of digital and physical via multidisciplinary and cross-media projects.

An Intelligent
All-In-One Solution

E-commerce
E-Commerce
Wholesale
Wholesale
Point of Sale
Point of Sale

About Skala

Built by industry experts and designed specifically for the fashion and lifestyle businesses, Skala gives you a 360 view of your E-Commerce, Retail and Wholesale activity in one smart platform. Our all-in-one solution enables you to increase revenue and decrease costs.

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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

Press

Financial Times  |  11/25/2020

How vegan leather brand Nanushka aced affordable luxury

A new Mayfair store follows a stellar three years for Sandra Sandor’s Hungarian label

New York Times  |  9/29/2020

In a Vast, Empty Swimming Pool, a Fashion Show

The designers behind the emerging Milanese brand Sunnei stayed true to their offbeat spirit during a very unusual fashion week.

Wallpaper  |  9/28/2020

Sweats and sequins: the duality of dressing at Milan Fashion Week S/S 2021

Sunnei – who just announced a new investment from Vanguards – celebrated Milan’s summer spaces, inviting guests to the Lido of Milan in the north of the city.

VOGUE Runway  |  9/26/2020

Sunnei SPRING 2021 READY-TO-WEAR

Lots of positive firsts are happening at Sunnei this season. The first of the firsts is a substantial investment made by financial platform Vanguard Group, one of whose partners is Hungarian brand Nanushka’s owner Peter Baldaszti.

Financial Times  |  9/26/2020

Cool, calm and commercial in Milan

Six-year-old Sunnei, founded by designers Loris Messina and Simone Rizzo, is one of the rare young brands to rise to the surface.

Business of Fashion  |  9/24/2020

Nanushka's Owner Launches New Fashion Group, Buying Milan's Sunnei

Sunnei has been a rare bright spot for independent designers on the Milan scene.

MF Fashion  |  9/24/2020

Sunnei si rafforza grazie all'investimento di Vanguards

L'accordo mira a sostenere l'espansione globale della griffe fondata a Milano nel 2014 da Loris Messina e Simone Rizzo.

The Impression  |  9/24/2020

Review of Day 2 of Milan Spring 2021

The Vanguard Group had purchased an investment in the brand to reinforce the business structure with the aim of global expansion ahead.