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Hobbs is to invest £18m in the expansion of its fashion business, including 18 new stores, 16 concessions and the revamp of 43 outlets over the next 20 months.
Hobbs is looking to increase the average size of its fashion stores from 1,500 sq ft to 3,500 sq ft, including extensions and the acquisition of adjacent units.
Hobbs has secured a £32m funding package with its banks to expand its chain of fashion and footwear stores.
Hobbs is planning to open up to 30 NW3 fashion stores over the next four years, with the first opening at Westfield in London in September.
Hobbs is expanding its chain of fashion stores from 66 to 90 this year.
Hobbs is planning to expand its chain of fashion stores in market towns across the country, and expects to open 16 concessions this year.
Hobbs, the fashion retailer, is to undergo a £110m management buy-out backed by 3i.
Hobbs is looking to double its 50-strong chain of womenswear stores, and will also open franchised outlets in continental Europe.
Hobbs, the womenswear retailer, has undergone a £30m management buy-out backed by Barclays Private Equity, and there are plans to double the number of stores to 60 over the next five years.