Published Date:
24 February 2010
BLACKS Leisure, one of the leading retailers of outdoor specialist clothing in the UK, has expressed interest in opening a store in Berwick.
The company, whose stores trade under the Millets and Blacks brands, plans to open 35 new stores across the country over the next two years.
It has launched an open offer share plan which aims to raise over £20 million to accelerate its expansion plans.
Neil Gillis, chief executive said: "The proceeds will underpin a selective expansion of our outdoor retail estate by the addition of up to 35 new stores, in towns where we have previously traded successfully or which currently lack an outdoor retail offer, and accelerate the refurbishment of our core estate which has suffered from years of underinvestment."
Just under £9 million is earmarked for up to 15 new outdoor stores over the next 12 months with a further 20 planned for the following year.
One of its main rivals, Mountain Warehouse, opened a store in Berwick last year.
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Last Updated:
24 February 2010 11:25 AM
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Source:
n/a
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Location:
Berwick
