Retailer Kenji has struck a new funding deal with HSBC to support its acquisition of a new warehouse and to push forward with plans to open multiple new high street stores.
The lifestyle retailer has acquired a new 50,000 sq ft warehouse in Birchwood, which Kenji said will enable it to “more than double its exports to Canada, North America, South America, and Europe”.
The funding will also strengthen its existing teams in Thailand and China, and facilitate further investments in “new product development and inventory to fuel its growth plans”.
The new supply chain investment will also support Kenji’s store expansion plans, with plans to open new stores in Telford, Uxbridge, Cardiff, Glasgow, Milton Keynes, Gateshead in the UK and Nijmegen in the Netherlands.
Kenji managing director Eddie Shepherd said: “Our vision for the KENJI brand has always been to provide a compelling, immersive experience for our customers to participate in and enjoy.
“As we embark on our most ambitious expansion programme to date, we’re delighted to be working with our long-term banking partner HSBC, who support and understand our growth strategy across our three distinct markets – growing retail space, expanding wholesale distribution globally, and establishing our ecommerce business across all relevant platforms.”
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