×
7 948
Fashion Jobs
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · ST HELENS
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · READING
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · DARTFORD
SPORTS DIRECT
Front of House Security
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LEICESTER
GAME
Assistant Trade Marketing Manager
Permanent · BASINGSTOKE
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · BROMLEY
FRASERS GROUP
HR Business Partner
Permanent · SHIREBROOK
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
FRASERS GROUP
Warehouse Supervisor - Evenings
Permanent · SHIREBROOK
FRASERS GROUP
Warehouse Supervisor - Night Shift
Permanent · SHIREBROOK
FRASERS GROUP
Warehouse Supervisor - Days
Permanent · SHIREBROOK
GAME
Ecommerce Trading Specialist - Game
Permanent · BASINGSTOKE
SPORTS DIRECT FITNESS
Assistant General Manager - Everlast Fitness
Permanent · GUILDFORD
FRASERS GROUP
SEO Executive
Permanent · LONDON
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · LONDONDERRY
EVERLAST GYMS
General Manager - Everlast Gyms
Permanent · BARROW-IN-FURNESS
FRASERS GROUP
Marketing Manager Premium
Permanent · LONDON
FRASERS GROUP
Risk And Compliance Analyst
Permanent · SHIREBROOK
FRASERS GROUP
Social Content And Video Editor
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
Published
May 25, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sosandar raises new funding, aims to widen third-party offer

Published
May 25, 2021

Contemporary womenswear brand Sosandar has raised new investment cash as it aims to make the most of the growth opportunity with its third-party retail partners.


Sosandar



It has raised £5.3 million via a new share issue that it said was “substantially oversubsribed”. The stock exchange-listed pureplay e-tailer placed 26.2 million shares at 20p each — which is roughly the price its stock has been changing hands for during May.

In addition, it’s offering another 2.5 million new shares to raise further gross proceeds of up to £0.5 million. And it said one of its directors would subscribe for 150,000 shares at same price. 

As mentioned, Sosandar wants to make more of its growth opportunities with third-party retail partners because, at the moment, an average of only 9% of its total product range is available for sale with them. It will focus particularly on investing in stock for AW21 and onwards.

The company has been reporting continuous sales growth in recent periods and it sees third-party retailers as a key part of its growth plan. Its latest results report in April included strong sales via John Lewis and Next. And there was also a “successful launch” with Marks & Spencer as a third-party online retailer at the end of March “with excellent initial sales”.

The fundraising comes just a few weeks after the company named its new finance chief with Steve Dilks promoted to the CFO role from his original finance director role.

Copyright © 2022 FashionNetwork.com All rights reserved.