Cheshire based multi-brand retailer the Hut Group has agreed an expanded revolving credit facility with Barclays, HSBC and Santander to underpin its international expansion plans. The new £80 million facility replaces the £31 million arrangement previously in place at the business which is reporting 40 per cent like for like sales growth in the first half of the year. In July KKR acquired a 20 per cent stake in the group.
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