Regional retailer Booths has refinanced its debt and is investing in a new store-opening programme.
The family firm, which has 26 stores in the north of England, will be opening its next new store at the MediaCity development in Manchester later this month and has refinanced its £56 million debt facility and extended its credit by a further £37m to support the growth strategy.
The deal was provided by Royal Bank of Scotland which has been the family firm’s lender for more than 100 years. “To secure the funding needed to build on my family legacy of hard work and ambition is very pleasing indeed,” said Edwin Booth executive chairman of the retailer. “Booths has exciting times ahead as we look forward to welcoming many new customers through our doors.”
