This ad will be closed automatically in X seconds.

Oliver Bonas Secures £3.5m Loan

Multiple lifestyle retailer Oliver Bonas has secured £3.5m of additional funding as part of the Coronavirus Business Interruption Loan Scheme. The funding (from HSBC UK) will help to support the company after its stores were closed during the coronavirus lockdown.

 “The last few months have been extremely challenging but I’m very proud that we have been able to trade safely online and support our team throughout,” stated Oliver Tress, founder and ceo of Oliver Bonas.  

Above: Oliver Tress.
Above: Oliver Tress.

He continued: “It’s exciting to see some of stores open their doors again and we have worked hard to make sure that our team, and our customers, can shop safely post-lockdown.”

Oliver Bonas operates 80 shops across the UK and Ireland, with half having re-opened since June 15.

 

Top: Oliver Bonas in Leamington Spa is one of 80 Oliver Bonas stores.

 

MORE NEWS
Chancellor.
 
A letter, organised by the British Retail Consortium (BRC) this week, highlighted closures, job losses and price increases...
Pure_SF
 
The Pure brand will sit alongside Moda to create Moda x Pure, with the move aiming to strengthen Spring Fair's position as a destination for the fashion sector...
Retail
 
The legislation comes into force on 2 December, with the Association urging independents to engage with their local authorities...
SourceNewsletter
 
The newsletter will deliver the latest insights, trends and innovations from the world of sourcing, sustainability and retail straight to inboxes....
Temple of Incense
 
“Lighting incense comes with added ritualistic appeal for meditation, yoga, or just simply ‘chilling out’”...
Brocante-Gracie
 
To date, Brocante has raised over £4,000 for 18 year old Gracie Mae who has a brain tumour, with co-owners Kieron Cockley and David Lorimer also setting up a Go Fund Me page...
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.