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Temperley raises £2m for transformation plan

British designer brand Temperley London has raised £2m over the last year, in a bid to turn around the ailing profits of the business.

Founded by Alice Temperley in 2000, it has faced falling sales in recent years – accounts from 2015 show a drop in profit from £12.3m to £11m. 

The newly raised money will seek to turn these figures around, City AM reports.

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