The family business plans to build on the strong performance of its 26 stores in the north of England by investing in a new store opening programme, starting with Media City in Manchester, due to begin trading in October.
Nick Dodd, director leading KPMG’s debt advisory business in the north, advised Booths on its successful refinancing.
He said: “This deal is a great example of how a quality business can buck the trend of negative news from the retail sector and highlights the fact that there is liquidity in the banking market available to companies with a good credit story.”
The refinancing was provided by Royal Bank of Scotland, which has been Booths’ lender for more than 100 years, and Lloyds Banking Group.
Source: Booths
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