Headmasters secure £4.5m funding package from hsbc

Published 18th Oct 2017 by akesha
Headmasters secure £4.5m funding package from hsbc To provide a great hairdressing service to clients you have to have the monetary means to kept the wheels in motion and Headmasters has recently received funding to expand their salon group. They have received a £4.5M funding package from HSBC to support future growth of the business and open several new salons. Set to open its 55th store this November in Crystal Palace, the fourth largest hairdressing chain in the UK, chain has already launched eight salons since March 2016 with HSBC’s support. The additional funding provided will support further growth, finance freehold salon property purchases and enable salon refurbishments in existing stores. Keith Meyer, HSBC’s Area Director for Corporate Banking in South London, said: “We have supported Headmasters since 2010 and are delighted to continue our relationship with the business. Headmasters has gone from strength to strength and become one of the most well-known hairdressing brands in the UK. Our latest funding has allowed the company to grow even further.” Raju Raymond, CEO of Headmasters, said: “HSBC have been a huge support for us, and this latest round of funding will allow us to reach the key milestone of opening our 55th store, with even more planned for the future. We are so pleased to have been able to update some of our existing stores with a full refurbishment. Our continued growth is testament to the strong financial backing HSBC has always shown us and the brand attracting hair stylists and clients.”
akesha

akesha

Published 18th Oct 2017

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