The growing health and beauty etailer has secured a four-year £210m revolving credit facility and loan with Barclays, HSBC, Santander, Lloyds, RBS and Allied Irish Bank. This loan replaces an existing £80m facility with three of these banks. This new funding will be used for general corporate purposes plus strategic initiatives including potential mergers and acquisitions and its UK and international expansion. They will have a specific focus on supply chain integration across the health an dbeauty sectors.
The group’s earnings jumped in 50% in 2014 and has had like-for-likes sales up to 40% in 2015 so far.