Grace Cole, a Cheadle, UK-based brand of bath, body and beauty products, raised a multi-million growth capital investment from Business Growth Fund.
The exact amount of the deal was not disclosed.
The company intends to use the funds to enter into new markets, drive further sales in existing markets which include the US, Europe, the Middle East and Asia Pacific, and diversify into new product categories in response to demand from retail customers.
Founded in 2007 by entrepreneur Tracy Mort, Grace Cole designs and develops branded products which include collections such as Boutique, Fruit Works, and Tea Tree. The company’s products and gifts are sold in department stores and pharmacies including House of Fraser, Debenhams, John Lewis and Lloyds, and exported to more than 80 countries worldwide through a global distribution network and direct to retailers.
FinSMEs
22/01/2016