Retra Holdings eyes growth

Retra Holdings eyes growth

A Silsden-based supplier of cosmetics for some of Europe’s largest retailers is preparing for further growth after receiving £400,000 in funding.

The investment from the Enterprise Ventures SME Loans Fund will be used to develop its already impressive customer base, whilst continuing its expansion into territories outside of Europe.

Retra Holdings is a tertiary branded cosmetics supplier that manufactures year-round and seasonal gift cosmetics, supplying a variety of blue-chip customers, both in the UK and mainland Europe. 

Since 2006, when Retra Holdings acquired Badgequo Ltd, a well-established cosmetics supplier with over 30 years of trading history, its customer base has grown from 70 to 300 clients, with the company reporting consistently high levels of repeat business and significant sales growth.

Kai Arter, managing director of Retra Holdings, said: “We have seen significant growth, particularly in the last two years, and this is set to continue. 

“By targeting new geographical markets outside of Europe and developing our key brands globally, we plan to grow the business even further.”

Armstrong Watson in Leeds introduced Enterprise Ventures to Retra Holdings, and acted as Lead Adviser to the company. 

Phil Bailey of Armstrong Watson added: “We have acted for Kai and Linda Arter for over 10 years since they first acquired Badgequo. 

“It is a pleasure to work with such a well-managed and innovative company and to see it achieve success in international markets.”

 

If you’ve enjoyed this article, click on the link below to sign up for more similar stories in your region. 

Bqlive BQB Sign Up Button LN