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Date: January 2024
Buyer: Secure Trust Bank Commercial Finance
Target: Ann Summers
Business: Lingerie retailer
Value: £8m
Details: Lingerie retailer Ann Summers has received a £8m asset-based lending facility from Secure Trust Bank Commercial Finance (STB), to finance its plans to grow its omnichannel marketing, selling and customer service offering. The facility comes as Ann Summers sets its sights on further growth and sales over the next few years, amid a 7% increase in its sales (to just under £100m) in its financial year to June 2022.
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