14th September 2018
Seasalt, the Cornish lifestyle and clothing brand, has announced a £16m investment in the company to support future growth and development in the business. The investment will see BGF invest £11.5m, with Santander Corporate & Commercial providing an additional £4.5m in funding.
In the last three years, Seasalt’s turnover has grown from £28m to £51m. The company now employs 869 people and is one of the largest private employers in Cornwall. In March, Seasalt opened its 50th store in the UK, bucking the recent prevailing trend on the British high street.
With this new investment, Seasalt is set to open another 40 stores over the next 5 years, employing an additional 700 people across the UK and Ireland. By early 2019, the company will have over 1000 employees. As well as developing new career opportunities, the investment will support Seasalt’s ongoing drive to improve customer experience, both in-store and online....