Bulletin

Weird Fish Targets 60% Growth Following £4m in Funding

Weird Fish, the Cheltenham-based UK clothing brand, is to target global sales growth following £4 million in funding from Santander Corporate & Commercial.

PRESS RELEASE


Established in 1993, Weird Fish has grown into a business with 11 branded stores and over 400 stockists, including Debenhams, Cotswold Outdoor and Blacks Leisure, and over 80 stockists in Europe. The firm’s Macaroni-branded products have, in particular, been incredibly successful for the business. The original Macaroni fabric was discovered by Weird Fish in 1993 at its Ataturk knitting factory in Turkey: it christened it Macaroni after the variety of pasta it resembled. The firm sold its millionth Macaroni product in 2013.
 
To capitalise on strong growth, Weird Fish is looking to invest further in its multi-channel capability and the funding from Santander Corporate & Commercial will be used to help the firm meet its target of growing retail and online sales by 60% over the next three years and further develop its export business.  A trade finance facility will also be used to help assist with the import of manufactured goods.
 
Gerald Dawson, Financial Director, Weird Fish, said: “Weird Fish has developed a very strong brand and unique products in the UK.  After a very successful year, with significant profit growth, the business is at a point where it wants to invest in its stores and website and to further develop its rapidly growing export channel, and the support and funding from Santander will be key to us in achieving our goals.”
 
Christopher Mapp, Relationship Director, Santander Corporate & Commercial, said: “The management team at Weird Fish has a clear strategy for growth and I’m delighted that Santander has been able to support their aspirations, particularly with regards to their multi-channel capability. Weird Fish has a strong position in the UK and I’m wholly confident that the business will continue its impressive growth trajectory.”
 
ENDS
 
The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.
 
Notes to editors

For media enquiries regarding Weird Fish, please contact Naomi Hill on 01242 526 222
 
For Santander Corporate & Commercial media enquiries, please contact:
 
Bijal Tanna                   020 7756 4189   Mobile: 07860 259 217
Andy Smith                   020 7756 4212   Mobile: 07824 473 338
 
The Santander Corporate & Commercial press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.
 

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