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Finance deal boosts George supplier’s growth plan

R&G International Trading, which supplies clothing to retailers such as George at Asda, has secured a finance package to expand and improve the quality of its product range.

The company said it expects to double its turnover to £30m in the next three years thanks to a £5m finance facility with Bibby Financial Services, according to The Scotsman.

The Edinburgh-based company was established in 2001 and imports clothing from Hong Kong for UK retailers. It had a turnover of £18m for the 18-month period from January 2013.

R&G International Trading managing director and co-founder Carole Tong told the newspaper that the funds would provide the flexibility to pay suppliers more quickly, reduce costs and therefore be more competitive.

“The trade finance facility means we have the support to manage the seasonality of the business,” she said. “With this additional funding in place and our new working relationship with Bibby we can really concentrate on expanding our product range and enhancing the design and quality of the product.”

R&G International Trading could not be reached for comment.

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