Refined Capital Partners back leading global, modern workwear brand
Refined Capital Partners is delighted to announce a £4.75 million investment into The Fold London, an award-winning British luxury womenswear brand built on a singular, powerful idea: that the women who run boardrooms, lead teams, and shape the world deserve clothes as ambitious as they are.
Founded with a clear mission to dress professional women with intention, The Fold has built a loyal global community of customers who value craft, quality, and considered design over fast fashion. Rooted in tailoring, collections have been extended to include a broad range of premium workwear, desk to dinner options and statement occasion wear, all created with exceptional fabrics and a commitment to craftsmanship, practicality and longevity.
The brand has grown swiftly since inception, driven by a strong team led by its founder, Polly McMaster, and underpinned by the support of Active Partners and a network of angel investors. The brand achieved turnover of £16.7m in the year to Jan’26 (vs £3m in the year to Jan’18), selling in 80 countries, and achieving 2/3rds of its DTC turnover internationally.
In order to support an acceleration of growth within The Fold, we are delighted to announce the appointment of Jamie Irving as Chief Growth Officer, alongside recruitment for a number of new roles across digital, operations and finance. Anastasia Fadeeva and Ben Barnett (Refined Capital Partners) will join the board as Non-Executive Directors, alongside an established senior leadership team. Alongside our commitment, we are delighted to welcome co-investment from a number of senior women within the retail industry.
Anastasia Fadeeva, incoming NED, commented:
“We are delighted to be backing this exceptional brand that serves women who want to make a real impact. With Polly’s continued leadership and the new hires announced today, The Fold has the key building blocks in place to further accelerate the global growth of the brand. Over the coming months, we will be excited to announce a number of new digital and physical partnerships, building on the success of the brand’s Nordstrom launch in April 2026.”
Polly McMaster, Founder of The Fold, added:
“This significant investment represents a defining moment for our brand. With RCP’s backing, strategic guidance, and privileged access to the Refined Networks platform, The Fold can further accelerate our international growth, reaching new customers and expanding the brand in a way that does justice to what we have built to date.”
About Refined Capital Partners
Refined Capital Partners invests alongside founders and entrepreneurs who have built exceptional consumer brands, or the technology on which they depend. Our team of entrepreneurs provide hands-on support, accelerating growth through the investment of our capital (£5 million – £25 million), development of management capability, implementation of operational best practice and digital transformation. In partnership, we help to build responsible businesses that stand the test of time. For more information, visit refined-capital.co.uk
