Oliver Bonas to open 8 new stores after securing £15m credit facility
A £15 million revolving credit facility from HSBC UK will support Oliver Bonas’ expansion plans and boost its in-house design capabilities.
The British fashion and lifestyle retailer is looking to open eight new stores across the UK this year, bringing its total number of locations to 85.
The rollout will start at Gatwick Airport’s North Terminal, with further openings planned in new regions, according to Retail Gazette. Currently, Oliver Bonas operates stores in large cities including London, Leeds, Edinburgh, Cambridge, Oxford and Manchester.
“Whilst trade on the high street has been challenging, Oliver Bonas continues to grow,” said founder and managing director Oliver Tress.
“We have stuck to the core principle that makes our lifestyle offer unique: doing our little bit to make living a joyful experience.
“For us, this means best in-class customer service, a welcoming and inspiring experience in store and online and a highly curated homeware and fashion collection, all designed in house in our Oliver Bonas Studio.”
With a wide range of products that offers everything from fashion and jewellery to rugs and skincare products, Oliver Bonas has become a leading brand on the UK high street.
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