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Birmingham Post
Birmingham Post
Business
Jon Robinson

Sosandar raises £5.4m to expand range after Sainsbury's deal

Sosandar has raised around £5.4m in a bid to expand its range after recently signing a major deal with Sainsbury's.

The Cheshire-based fashion secured the funding boost through the placing new stocks.

In a statement issued to the London Stock Exchange, the company said it intends to use the net proceeds of the placing "primarily to accelerate the execution of its omni-channel strategy through further investment in stock, enabling increased provision of Sosandar's product range in-store with third party partners including Sainsbury's from autumn winter 2023 onwards".

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