Share
100% funded by 324 investors
Oskaras Povilenas Slow Fashion
Lithuania, LT
instalment
monthly
term
3 years
yearly interest
4.45%
risk rating
B-
Slow fashion in Lithuania. High-quality, sustainability and ethics.
Description
Oskaras Povilenas Fashion House is a direct reflection of the designer’s interpretation of human beauty and diversity with high standards regarding quality, sustainability, ethics, and individuality.
The Lithuanian Fashion House is on a mission to build a profitable and sustainable business by empowering artisans and elevating them to world-renown status and bringing inspiration and innovation to every Modern Human. To be synonymous with elegance and creativity, to mix tradition and innovation.
The goal of this campaign is to finance the brand’s expansion to new and bigger markets. The funds will be mostly used in marketing, showrooms and salaries, and new fabrics.
The Impact
Direct:
- Sustainable fabrics production: The Fashion House uses stock excess (fabric and clothes) and fabrics that were not used from previous collections to produce new clothes, avoiding waste and the negative impact of producing new fabrics. On top of this, it carefully selects high-quality fabric produced in Europe that follows the Global Organic Textile Standard (GOTS) certification.
Indirect:
- Promotion of responsible consumption patterns: focusing on slow fashion, Oskaras Povilenas produces quality and long-lasting clothing with limited editions (no more than 20 per pattern).
- Promotion of local producers: Oskaras is working in direct contact with local seamstresses and producers, making the supply chain as short as possible.
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
The company had over 50.000€ in sales in 2019, a number that more than doubled in 2020. With the investment in marketing and expansion to other markets, which will be co-financed by GoParity, Citadele Bank, and the promoter's own resources, this number is expected to grow in 2021.
Download Key Investment Information Sheet
The Promoter
About SC Oskaras Povilenas
Oskaras Povilenas is a slow-fashion brand founded in December 2018, by Oskaras Povilenas himself.
All the clothing is designed and produced in Vilnius, Lithuania with the finest craftsmanship and materials.
Oskaras Povilenas Fashion House is a direct reflection of the designer’s interpretation of human beauty and diversity with high standards regarding quality, sustainability, ethics, and individuality. Oskaras creates every piece based on a sharp image of a woman’s character, including posture and the way she moves.
In his own words, “The beauty of humans, in general, is diversity. And I am trying to create beauty. All the pieces I have ever created have been based on a sharp image of a woman’s character, including posture and the way she moves. The only aspects left blank are body shape, hair, and eye color; those are of no importance. I think of how to reflect the obvious and the more subtle characteristics of this woman in my design. The former, along with posture and movement, influences mainly the decision for cut and fabric, while the latter ones have a huge impact on the details, which then directly reflect the sophistication of a woman. This is how I create an array of unique women; this is how I create beauty!”
Business Model
Established in Vilnius, Lithuania, the promoter produces women's clothing only.
The brand’s most relevant markets, besides the Lithuanian, are France and Germany, having showrooms in Paris and Berlin. On top of this, it accepts personal orders for custom-made pieces, and it sells its clothes online.
Oskaras is also considering expanding to New York and Milan.
Active since
2018
Fiscal country
LT
Operating In
Lithuania
Industry
Apparel
Number of Goparity Loans
1
Women Shareholders
No
Updates
2021-09-29
Officialy opened The Oskaras Povilenas Fashion House UG @ Berlin, Germany
We happy to inform that we expanded our Business to Berlin, Germany. 🤍
2021-09-03
Participation @ Who’s next trade show / Paris and London Fashion Week
After pandemic regulations we happy to inform that we was participating at The Physical event with a team at The most leading trade show - https://whosnext.com/ - September 3th to 6th. And participation @ London Fashion week - https://londonfashionweek.co.uk/designers/oskaras-povilenas
2021-09-01
The Beauty is Diversity / New products
2021-04-24
First payment
First instalment was paid to all the investors
2021-03-23
100% funded
319 investors successfully raised 25.000€
2021-03-10
Open for investment
This campaign is open for investment
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