Pop-up retail specialist set for expansion with cash injection
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A pop-up retail specialist which counts Premier League football clubs, Lords cricket ground and Twickenham stadium as clients has secured a £300,000 boost to accelerate its growth plans.
MEIF Debt Finance, managed by Maven Capital Partners, has Rapid Retail with the business loan which will enable the Worcestershire company to expand its portfolio of products, exploiting new growth opportunities overseas and support the creation of seven jobs.
Rapid Retail designs a range of bespoke pop-up shops, container conversions, kiosks and retail merchandising units (RMUs) for the sports, retail and event industries. The fully branded retail units host some of the world’s biggest brands at major sporting and entertainment venues.
Rapid’s management team, led by managing director Nick Daffern, has a wealth of experience in event merchandising and marketing at leading international event venues.
Daffern also has more than 25 years’ experience managing logistics across the world for Formula 1 and World Rally Championships.
General manager Graham Handy has 37 years’ banking experience, with 10 years spent running a commercial banking team supporting a client base of over 600 SME businesses.
Chris Rogers, investment manager at Maven, said: “We are delighted to support Rapid Retail as the company embarks on an exciting new phase in its development plans. The business boasts a high-quality client base and is run by a passionate, dedicated management team. We look forward to working with Nick and his team to help them exploit the opportunities in this fast-growing market.”
Daffern added: “We are thrilled to receive funding from MEIF Maven Debt Finance. Our business designs pop up shops, kiosks and RMUs that deliver the complete customer experience with minimum fuss. We are extremely passionate about our product offering and the funding will enable us to expand both in the UK and overseas.”