Fat Face has announced it has completed its financial restructuring and comprehensive refinancing agreement, and that chairman Lord Stuart Rose has left the company.
The British lifestyle brand said the 15 million pound cash injection will help it “significantly” reduce its debt and will be used to“invest in and deliver the current business strategy,while also supporting the business with any funding requirements as a consequence of Covid-19”.
The company also announced the departure of Chairman Lord Rose after seven years in the role, with his successor to be announced in due course.