THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Sosandar raises £7 million following sale of new shares

Online fashion retailer Sosandar has raised £7 million through a conditional institutional placing at a price of 15 pence per share. The company will use the funds to pursue… View Article

FASHION RETAIL NEWS UK

Sosandar raises £7 million following sale of new shares

Online fashion retailer Sosandar has raised £7 million through a conditional institutional placing at a price of 15 pence per share.

The company will use the funds to pursue new opportunities including selling Sosandar’s clothes on third party websites.

Sosandar also plans to widen its product range and invest in acquiring new customers. It addition, the funds will help to expand its supplier partnerships and reduce the risk of relying on supplier credit to fund future growth.

Ali Hall and Julie Lavington, co-chief executives of Sosandar, said: “Our strong financial performance and high level of repeat orders demonstrates the demand for our products and loyalty of our existing customer base. We have considerable momentum in the business which we are excited to build on going forward.

“Several opportunities are in the pipeline which will further improve the Sosandar shopping experience and build awareness of the brand to new customers. We look forward to updating all shareholders on our progress in due course.”

Subscribe For Retail News