Baird Group in £17 million deal

Leeds-based menswear business Baird Group has secured £17 million of asset-based finance, comprising invoice discounting and a revolving stock loan. Baird’s subsidiaries BMB Clothing and Worth Valley Menswear will use the facility to provide ‘up to £113 million of working capital to the company, in volume terms, over the first year’ according to GE Capital, which is providing the financing

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary... More by Nick Britton