Fashion jewellery and accessories business Love Forever is targeting further expansion after acquiring its first warehouse, with backing from bankers Barclays.
The company, which has 17 shops across the North of England and a division covering the Midlands, based at Orchard Square, in Sheffield, started out on a market stall in Stockton on Tees.
Owner Shanxue Szeto said: “Purchasing the new warehouse at Middlesbrough is a major step forward in the business growth strategy and will allow us to expand the lines we stock and negotiate better deals when buying stock.
“It’s also great that we’ve been able to use the Government-backed Funding for Lending scheme with the cashback deal – this will provide a good capital injection giving us more flexibility as we grow.”
Chris North, senior business banking manager at Barclays said: “It’s great to see Shanxue bucking the retail trend with her expansion plans and growing despite the current economic climate.
“By participating in the Government-backed Funding For Lending scheme, Barclays has been able to pass on the whole benefit we derive to Shanxue.”