- Huw Hughes
-
|
British fashion and lifestyle retailer Oliver Bonas has secured 3.5
million pounds in funding from HSBC UK to help support the company
post-lockdown.
The funding is part of the Coronavirus Business Interruption Loan Scheme
(CBILS) and aims to ease the financial strain on the retailer following
months of its stores in the UK and Ireland being closed.
Half of the retailer’s 80 stores across the UK have now reopened.
The company’s founder and CEO Oliver Tress said in a statement: “The
last few months have been extremely challenging but I’m very proud that we
have been able to trade safely
online and support our team throughout. It’s exciting to see some of stores
open their
doors again and we have worked hard to make sure that our team, and our
customers, can shop safely post-lockdown. We’re very grateful for the
support from
HSBC UK in helping us to access vital funding when we needed it most.”
Paul Williams, HSBC UK corporate relationship director said: “Oliver
Bonas is
a great example of a successful independent British business and innovative
high
street retailer. As the retail industry begins its recovery from the impact
of Covid-19
we are very happy to be able to support businesses like Oliver Bonas as
they safely
reopen shops and protect jobs.”
Photo credit: Oliver Bonas
