The British outdoor outfitter Equip Outdoor Technologies UK Ltd can look forward to a cash injection from the bank HSBC UK. The parent company of the brands Lowe Alpine and Rab received a financing package worth several million British pounds, HSBC said in a statement on Saturday. The aim is to advance the global expansion of the company. Equip can also use the fresh funds to “pay off investors, including long-term partner Gresham House Ventures,” the bank said.
Matt Gowar, Equip’s CEO and owner, was pleased with the investment: “This funding creates opportunities for the company to grow and further innovate to create even more sustainable and functional products for our customers,” he said in a statement .
According to HSBC, Equip was also able to increase its sales in the current year. Due to the expansion in existing and new international markets, “further significant growth” can also be expected, the financial institute explained.