Pets Corner will open 10 new stores before the end of the year after securing an eight-figure funding package from HSBC.
The premium pet care retailer, which operates 150 outlets in London and the south of England, said the investment will help create up to 320 jobs as it expands across the country.
The package also includes an acquisition of a small retail chain and supports a four-year capital plan to roll out more retail stores, pet spas and veterinary centres.
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Pets Corner, which is owned by Pet Family, said the funding will fuel its growth in the European market, as it looks to acquire a stake in a family retailer with seven sites.
The retailer also plans to open stores in the US, where it currently sells products to the existing independent pet trade.
As part of the package from HSBC, the retailer will draw on a revolving credit facility to pursue further acquisitions, as well as open up to 10 further stores every year.
Pet Family owner Dean Richmond said: “The support we have received from HSBC UK over the last five years has been invaluable and we are excited to continue to grow our unique offering for pet owners who want the best products for their pet.
“The growth of consumers wanting better products, sourced with integrity has shown no signs of slowing down, and we look forward to expanding internationally, both across Europe and in the USA with the support of HSBC UK.”
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