Matalan, the leading UK and international fashion and homeware retailer, today announces that it has secured an additional £25 million of funding from its anchor investors – Invesco, Tresidor, Man Group and Napier Park.
The funding will be used to accelerate investment to support Matalan’s multi-year business transformation plan and the delivery of its strategy. This includes investment in store refreshes, new store openings, supply chain investment, and the launch of a new App which will underpin Matalan’s e-commerce channel and loyalty programme.
Karl-Heinz Holland, executive chair of Matalan, said: “We are delighted to have secured this additional funding from our anchor investors. The funds will enable us to build on the progress we have already made in delivering our strategy, and accelerate investment across the business – from our stores through to our supply chain. We look forward to driving Matalan’s transformation forward as we continue on our journey to deliver sustainable, profitable growth.”
The news follows the recent appointment of Sarah Welsh to the role of Chief Product and Commercial Officer, responsible for putting customers at the heart of Matalan’s proposition, ensuring products always meet customers’ desire for great quality and value, whilst growing market share and acquiring new customers.
