Lovehoney has received an injection of funds to expand overseas.
Investment company Telemos Capital has bought a majority stake in the leading online sex toy retailer.
The transaction is Telemos’ first investment in the UK. Financial details have not been disclosed.
Lovehoney has grown into an international success, delivering record sales in the region of £100 million for the year ended March 31, 2018.
More than half of sales (60%) came from the UK, with the remainder from Europe, US and Australia, all of which have achieved...