
The Idle Man
E-commerce website dedicated to men’s fashion.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor | €0.0 | round | |
* | N/A | Early VC | |
Total Funding | 000k |
EUR | 2020 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Company filings or news article
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The Idle Man was an online menswear retailer founded in 2014 by Oliver Tezcan, a former menswear buyer for ASOS. Tezcan, who studied economics and philosophy at the University of Leeds, identified a gap in the market for a dedicated online fashion destination for men who had outgrown fast-fashion but found high-end luxury sites unaffordable. His experience at ASOS, where he grew the menswear division substantially, revealed that men's fashion was often an afterthought for major retailers, creating an opportunity for a male-focused platform.
Operating as a pure-play e-commerce business, The Idle Man curated a selection of third-party brands alongside its own private-label collections. Revenue was generated through the direct sale of clothing and accessories. The company's own brand was structured into three tiers: 'Idle Projects' for premium items, 'The Idle Man' for fashion-forward pieces, and 'T.I.M' for basics, all designed at its London headquarters. The business model focused on providing style guidance, recognizing that male consumers often prefer a more directed shopping experience over overwhelming choice. This was supported by a significant content marketing strategy, including an online style guide called "The Manual," which was created to answer common fashion questions and drive organic traffic.
The company secured funding through various rounds, including angel investment and a notable £793,000 from a Crowdcube campaign in 2015. In a strategic move to build brand presence, The Idle Man also opened a physical guide shop, allowing customers to interact with products before ordering online. Despite its growth and clear market positioning, the company faced challenges. In 2019, The Idle Man went into administration and was subsequently acquired by the Oasis and Warehouse Group for an undisclosed sum. The acquisition was intended to provide The Idle Man with the scale and infrastructure to grow further, while allowing the group to enter the menswear market. Keywords: menswear e-commerce, Oliver Tezcan, online fashion retailer, men's style guide, curated menswear, private label fashion, direct-to-consumer apparel, fashion startup, London fashion, ASOS alumni, Crowdcube funded, content marketing fashion, The Manual blog, Oasis and Warehouse Group, e-commerce acquisition, British fashion brand, accessible menswear, Shoreditch startup, men's accessories, online clothing store