NorthEdge, the private equity backer of The Belfield Group, has injected an additional £1.8 million into a UK-based upholstered furniture manufacturer, to support its ongoing transformation programme.
This funding aims to ensure sufficient financial flexibility as the company transitions in response to Marks & Spencer's (M&S) decision to exit the bulky goods market, a move that has impacted Belfield's operations. The investment was made into The Belfield Group's brands Westbridge and Tetrad.
Photo: The Belfield Group.
Westbridge has one of the largest design and development studios in the UK, as well as manufacturing facilities at its four UK sites, together comprising over 450,000 square feet of production, design and office space. Its customers include well-known high street brands such as Marks & Spencer, Next, John Lewis, Sofology and Furniture Village, and multiple independent retailers.
Source: www.thefurnishingreport.com