UK: Adams Childrenswear Secures Cash For Expansion Drive
Privately-owned British childrenswear retailer Adams on Tuesday agreed a refinancing deal that values the chain at £120 million and will allow it to proceed with its ambitious UK and international expansion. The Warwickshire-based company, which runs 450 stores and supplies children's apparel to Sainsbury, Boots, Allders and Littlewoods, said the refinancing involved Lloyds TSB Development Capital and a syndicate of banks.
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