Footwear specialist Cocorose secures funding to diversify into face-mask production
UK footwear wholesaler/online retailer Cocorose London has secured five-figure funding to help the business diversify into producing face coverings.
The London-based business will use a ‘Bounce Back Loan’ through HSBC UK to produce face coverings, due to a surge in demand driven by Covid-19.
The loan and wider support from the bank has given the company the opportunity to test and launch its new face coverings line quickly and enabled the organisation to adapt to the shift in consumer demand, it said
Gareth Austin-Jones, director at Cocorose, told Bdaily News: “Without the financial support… we wouldn’t have been able to expand into this market as swiftly and develop these additional product lines"
David Subba, relationship manager at North London Business Banking Centre for HSBC UK, added: “The Cocorose team worked hard to meet the sharp increase in customer demand and we look forward to continue working with them to support their future growth strategy”.
Austin-Jones noted the company will also be donating a percentage of each sale from the new masks to Honeypot Children’s Charity.
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