Occa Home secures new investment and appoints Sir Terry Leahy to board
Occa Home, the online furniture and homewares retailer, has won a new round of investment and made two new appointments to its board.
The £1.5 million funding includes investment from Artemis Fund Managers, former Tesco chief executive Sir Terry Leahy, and a consortium of private equity funds as well as continued investment from existing shareholders Bill Dobbie and the William Currie Group.
Leahy has been appointed to the retailer’s board together with Jill Little who is a former buying, merchandising and strategy director for the John Lewis Partnership.
Following the appointment of Robert Willet as chairman of the board in July, Occa has focused on developing an accelerated growth strategy while strengthening its board and management team.
Kate Mooney, Occa founder and chief executive, said: “We are delighted to welcome our new shareholders and advisors to Occa, many of whom bring extensive ecommerce experience to business - and we're thrilled to be working with retail stalwarts including Sir Terry, Jill and Bob as we go for significant growth over the next three years.”
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