Northumberland furniture firm secures £10m from Leeds investment specialist
A North East furniture manufacturer and e-commerce retailer is set for international growth after securing multi-million pound investment from a Leeds venture capital firm.
Bazaar Group has secured £10m from Comhar Capital to support its plans for global expansion. Through the investment Comhar Capital has acquired a majority share in the business.
Established in 2005 by Jayne and Mark Dolder, Bazaar Group is headquartered in Northumberland and specialises in soft seating furniture products, working with platforms such as Amazon, eBay and Wayfair.
The new funding will be used to support Bazaar Group’s future market development which is focused on international expansion, particularly new ecommerce platforms in the UK and Europe.
Mark Dolder, CEO of the Bazaar Group, commented: “Jayne and I are very proud of what we and the rest of the team have achieved with Bazaar Group but there was always a time when direct external support was going to be required.
“We’re delighted to be partnering with Comhar Capital who share our vision and philosophy. Comhar’s hands-on approach and focus on supporting teams and people is very much in line with the way we think.”
Craig Wilkinson, managing director at Comhar, added: “The Bazaar Group is an ecommerce retail treasure and one that continues, during a time of worldwide disruption, to meet and surpass its own targets.
“Mark and Jayne’s approach to business is inspirational and we’re really looking forward to working with them and the team to support Bazaar Group through the next stage of its journey.”
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