Sosandar raises £7m through sale of new shares

Sosandar founders

Sosandar has raised £7m through the sale of new shares, as the retailer looks to widen its capital expenditure following impressive results.

Co-chief executives of the women’s fashion retailer, Ali Hall and Julie Lavington, said the £7m came from “new and existing shareholders” and was raised through a “significantly oversubscribed placing”.

The new equity is to “support working capital expenditure in the business” including widening its product range, working with new suppliers and further spending on customer acquisition.

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