27th Mar 2014 14:59
LONDON (Alliance News) - Better Capital PCC Ltd Thursday said that BECAP12 Fund LP has provided a further GBP7.5 million to BECAP Jaeger (UK) Ltd, a holding company of the Jaeger group of companies.
The GBP7.5 million will fund business improvements, specifically capital expenditure to open new freestanding stores, improve existing sites and bring additional capability to the online offering, Better Capital said.
"This follows strong Christmas trading at Jaeger, and brings the total level of investment and commitment in Jaeger to GBP47.5 million," Better Capital said in a statement.
"Further funding may be provided later in the year should sufficient opportunities for further expansion be available."
Better Capital shares were Thursday quoted at 109.75 pence, up 0.2%.
By Samuel Agini; [email protected]; @samuelagini
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