Ann Summers secures £8m in new ABL facility


The lingerie retailer, Ann Summers, has secured an £8m asset-based lending (ABL) facility from Secure Trust Bank Commercial Finance to fund future growth.

The firm will use the new funds for working capital  and to develop its online retail offerings.

John Boyle, chief financial officer at Ann Summers, stated that the new funding will support the growth and help building their omnichannel proposition.



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Posted on Jan 8, 2024
Region: UK
asset-based lending, asset based lending
Secure Trust Bank Commercial Finance, Ann Summers