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Radley, the luxury accessories brand with 33 stores, has been acquired by Bregal Freshstream for undisclosed terms.

Radley, the handbag supplier, has been acquired by private equity firm Exponent for £130m.

Radley has announced plans to open a further ten handbag stores in the UK over the next three years.

Radley is planning to open a number of handbag shops and concessions in the UK, and this will be followed by an international expansion programme.

Radley is planning to develop a chain of handbag stores, having sold a 50% stake in the business to Phoenix Equity Partners for £45m.