19th Sep 2014 11:13
LONDON (Alliance News) - Better Capital PCC Ltd Friday said that the 2012 Fund has provided further funding to BECAP Jaeger (UK) Ltd, a holding company of the Jaeger group of companies.
In a statement, Better Capital said GBP8.5 million has been provided to Jaeger to fund working capital, continuing IT and website improvements as well as routine store refurbishments.
This brings total new investment in Jaeger's current financial year to GBP16.0 million, and the overall investment by the 2012 Fund to GBP56.0 million, according to Better Capital.
"Year-to-date sales to September 13 2014 (Week 28) were 6% better than prior year with like-for-like sales 7% stronger. Margins have remained broadly flat over the same period," Better Capital said.
By Samuel Agini; [email protected]; @samuelagini
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