One of the UK’s largest discount retailers, JTF, has unveiled plans to open 40 new stores – creating 1,4000 jobs – and float the company on the stock market in 2024.
The announcement comes as the Tuxford-based retailer launches its crowdfunding campaign giving investors the opportunity to own a stake in the company.
Investment opportunities start at £50 for silver-level investors, rising to a minimum £200 investment at gold-level, £750 at platinum-level and a minimum £2,500 for VIP investors.
Jeremy Coombes, director of JTF Mega Discount Warehouses, said: “Here at JTF, we’ve got ambitious plans for growth and expansion over the next five years, and it fills us with excitement to be able to offer investors the opportunity to join the JTF family on this journey, own their very own stake in a thriving business, and enjoy some fantastic perks to boot.
“While the Covid-19 pandemic has proven challenging for businesses across the country, we’re proud to have continued serving communities throughout, and we believe now is a fantastic time to become a part of JTF’s exciting future.”
The 40-year-old store sells a range of products, from kitchen cupboard essentials and health & beauty products to garden & outdoor living, garden care and plants.
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