UK: Cult Clothing To Expand With £2m Package
The Cheltenham-based company, which specialises in youth-oriented clothing, started 19 years ago as a market stall in the town's Regent Arcade.
Now, the business boasts an annual turnover of £16m and has outlets in Belfast, Glasgow, Norwich, Cambridge, Oxford, Birmingham and Edinburgh.
The new finance package, provided by the Royal Bank of Scotland, will allow Cult Clothing to relocate its Cheltenham head office to bigger premises.
Owner Julian Dunkerton, who also operates the Soho Coffee Bar and Massive Records chains, said the loan would give Cult Clothing "the platform to continue the growth and market share of the business".
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