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Mamas & Papas inks funding deal for international growth

Maternity and nursery retailer Mamas & Papas has agreed a funding package from HSBC to drive international growth.

Mamas & Papas, which has a turnover of over £120m, will focus international expansion in Europe, the Middle East, Russia and Japan.

Mamas & Papas group finance director Jason Greenwood said: “2009 was another strong year for Mamas & Papas driven by the opening of new stores, diversification in our award winning product ranges and the announcement of further global expansion. As we enter a new decade and a new phase of growth we need a banking partner with the unrivalled international presence to support our global strategy, plus the ‘on the ground’ expertise to help us realise our ambitions – wherever and whenever we need to.”

Mamas & Papas has 50 retail outlets in the UK and supplies 250 further UK retailers.

Last year the retailer made its debut in Saudi Arabia and struck a distribution deal with Japanese firm Pigeon Corporation in a deal that it hopes will generate turnover of ¥2bn (£12.6m).

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