Yours Clothing eyes expansion with funding package
A Peterborough-headquartered plus size ladies clothing retailer has secured almost £2m to support its expansion plans.
Yours Clothing, founded and privately owned by Andrew Killingsworth, has secured banking facilities of £1.75m from Barclays.
The company, which moved to a new head office in Orton Southgate in Peterborough this year, has continued to expand its store network across the UK.
The business is set to open its 70th store today in Haverfordwest, marking its 24th shop opening this year.
It has created more than 300 jobs in 2014 (70 at the head office and approximately 250 across the outlets).
Yours Clothing also has franchises in the Middle East and Finland.
Steve Brown, relationship director at Barclays, said: "This is a very exciting retail company, built on entrepreneurial spirit, which is rapidly expanding and creating new jobs. The banking facilities will be used to support the continued growth of the company."
Managing director Andrew Killingsworth added: "We are delighted to be working with Steve and the Barclays team as they have demonstrated a real strength and desire to help us, a small local brand, to achieve our ambitious global plans."