THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omnichannel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Sosandar raises over £5 million via share placing

Women’s fashion retailer Sosandar has raised £5.77 million in new equity through a share placing. The funds will be used to capitalise on growth opportunities with… View Article

FASHION

Sosandar raises over £5 million via share placing

Women’s fashion retailer Sosandar has raised £5.77 million in new equity through a share placing.

The funds will be used to capitalise on growth opportunities with the company’s third party retail partners.

A total of 26,190,210 shares were placed by N+1 Singer, raising gross proceeds of approximately £5.24 million. In addition, non-executive director Andrew Booth subscribed for 150,000 subscription shares, raising gross proceeds of £30,000.

In addition, certain investors subscribed for 2,500,000 Primary Bid Shares, raising gross proceeds of £0.5 million.  

Ali Hall and Julie Lavington, co-chief executives of Sosandar said: “We are delighted to have completed our successful fundraise, with both new and existing shareholders showing their support for the business and our growth plans. We are grateful for the strength of support shown by our existing shareholders and would like to welcome new investors to the company.

“Over the past twelve months we have demonstrated our agility by delivering increased sales, better cost efficiencies, increased engagement with customers and an expanded product range despite a very challenging and volatile market backdrop. It is clear that we have an offering that is resonating well with our customers and the desirability of our product range has been shown by being chosen to appear on the platforms of three major British retailers.”

In  a trading update in April, Sosandar reported strong sales online with John Lewis and Next and also told of its successful launch with Marks & Spencer at the end of March.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News