Dr.PAWPAW secures funding package to drive growth plans
Beauty brand Dr.PAWPAW has secured new funding to help accelerate its growth plans.
The £2 million sum from HSBC will enable the business to import greater levels of stock to fulfil both larger orders and an increasing number from UK and international customers.
Johnny Paterson, managing director at Dr.PAWPAW, said: “The funding from HSBC UK provides us with the financial backing to drive our growth plans as we develop Dr.PAWPAW’s footprint in international markets, including China and the US. We’ve seen significant growth in recent years and aim to build on this momentum with the financial support and international reach of HSBC UK through our relationship manager at the bank, James Farrands.”
Founded in 2013, the business uses sustainable and ethically-sourced ingredients across its range. Products include multi-tasking balms for lips and skin, as well as a hair and body range.
Sarah Milligan, HSBC UK area director for South East business banking, added: “We are delighted to support Dr.PAWPAW with its expansion plans and the development of its international presence. The increase in demand for Dr.PAWPAW’s sustainable offering speaks to the growing interest amongst consumers for eco-friendly products, a key element of current beauty industry trends.”
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