KCP invests £5m in furniture firm
मंगलवार, 31 अगस्त 2010
Furniture retailer Dwell is planning to expand its business, following a £5 million investment from Key Capital Partners (KCP) - the Leeds-based private equity house.
London-based Dwell, which offers contemporary furniture and home accessories, intends to open 33 new high street stores in the next four years. With the new outlets, the retailer will have a total of 52 stores in the country.
In the year to January 31, 2010, the company made total earnings of more than £25 million through sales from its high street, online and catalogue channels.
KCP's Andy Gregory said: "The challenges facing UK retail over the last two years have been well documented, but Dwell has emerged from the turbulence in a far stronger position due to its first class management team and proven product offering.
"The business is performing strongly and we look forward to working with Aamir to expand the business significantly over the coming years, in line with its ambitions."
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