HSBC news and archive

Castore secures 90 million pounds in funding to invest in growth and digital capabilities

Sportswear brand Castore has secured a 90 million pound facility with banking partners as it continues to pursue global expansion and rollout a growth strategy. The company said it would use the funding to facilitate new retail openings across the UK, as well as support growth into the Middle East and Asia. In a statement, Mark Rowan, global...

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Footasylum secures 35 million pound funding to support growth plans

Footwear retailer Footasylum has announced that it has secured a 35 million pound Revolving Credit Facility (RCF) from banking firm HSBC UK which it will use to help accelerate its growth plans across the UK and international markets. The retailer, which was acquired by investor Aurelius in August 2022, revealed that the RCF funding package...

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PVH links with HSBC on supply chain finance programme

PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, has announced a new partnership with HSBC Bank USA, which will see the duo collaborate on a sustainable supply chain finance programme. The partnership will provide PVH suppliers with access to funding based on a series of environmental targets, as well as social elements such as a...

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Formalwear retailer Threadology receives seven-figure funding

Formalwear retailer and supplier Threadology has revealed that it has received a seven-figure import trade finance loan from banking firm, HSBC UK. It comes as the London-based company plans to scale up operations following an increase in demand, in line with the return of weddings and formal events. The funding will enable the company, which...

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Oliver Bonas to open eight new stores in 2019

Independent British lifestyle brand Oliver Bonas has announced ambitious plans to open eight new stores this year, resulting in some 80 new jobs. With the support of a 15 million pound revolving credit facility from HSBC UK, the expansion will begin with the opening of a new store in Gatwick North Terminal. Oliver Bonas, which currently has 77...

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HSBC predicts luxury market to slow down in 2019

International bank HSBC forecasts growth in the luxury sector to slow down from 9 percent in 2018 to 6 percent in 2019. But that isn't necessarily bad news. In a report titled Expecting the Unexpected, shared by email with FashionUnited, the bank said the main reason why it believes the sector is likely to slow down is because it has been...