British outdoor retailer Alpkit has received a £2.7m funding package from HSBC UK, backed by UK Export Finance (UKEF), to help support the company’s
What happened
Alpkit currently has eight UK stores, including at the Metrocentre in Gateshead, Bristol, Edinburgh and two in the Lake District, and there are plans to open more.
Why it matters
The company is also aiming to expand its own-brand product ranges, with footwear launching this summer.
With increasing online demand from international markets across Europe and the US, the new funding will help to grow Alpkit’s digital trading capacity worldwide.
David Hanney, Chief Executive at Alpkit, said: “This deal will help accelerate our growth as we look to capitalise on a significant increase in demand domestically and internationally. It also means we can invest in innovation to create lower impact, long-lasting technical outdoor gear that is both repairable and recyclable.”
This news brief is based on reporting published by TheIndustry.fashion on 2022-04-08. The original report is linked below.
TheIndustry.fashion
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