London-based formalwear retailer and supplier Threadology has distinctly revealed that it has received seven-figure funding.
The retailer has, reportedly, said that the import trade finance loan – which it will receive from HSBC UK – will help it import increased levels of stock.
The move follows clothing retailer’s plans to scale up operations after witnessing a good surge in demand for apparels.
More on the same, Chris Chambers, HSBC UK’s Area Director for London City Business Banking, averred “The business has ambitious growth plans, and we are pleased to be able to support what promises to be an exciting future.”
Besides, Threadology has secured an exclusive deal with Frasers Group, called Future in Formal, which, in all likelihood, will be unveiled across House of Fraser stores this year.
Presently, the company sells through its online marketplace Twisted Tailor, as well as supplying its own brand to Asos and Zalando.
Founded in 2013, Threadology specialises in Tailoring, Suiting, Jackets, Shirts, Blazers, amongst others.
