AIM listed online womenswear business Sosandar has raised £7 million before expenses through a placing of new ordinary shares via an oversubscribed placing. The Cheshire based company which recently scooped a Direct Commerce award will use the funds to support its growth.
The business increased its sales by 228 per cent for the year to July 3rd and will now commence to sell via third parties, in addition to its own site, and extend its product range.
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