Upscale British jeweler Theo Fennell has received a £1.2 million term loan (about $1.8 million) from Gordon Brothers Europe.
The loan was provided in conjunction with a new senior facility from an unnamed U.K.-based lender.
The loan will be used to support the working capital needs and future growth of the business. The company sells both jewelry and silverware, generally with unusual or imaginative designs.
The formerly public 33-year-old company was purchased for $4.4. million in August 2013.Follow JCK on Instagram: @jckmagazine
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