Supermarket snapped up after HSBC funding deal
An Asian grocery retailer has acquired a supermarket following a funding package from HSBC.
Inventure Holdings has purchased S&D Supermarket, a 9,000 sq ft Asian grocery store on Birmingham’s Soho Road after securing £1.75m in funding.
The Harrow-based business, founded in 2011, has since expanded to 13 retail stores and three wholesale operations in London, the Midlands and the North. Following the deal, the business expects to hire eight new employees and increase its retail turnover to £16m by the end of the year.
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