Skiwear brand OOSC Clothing has secured a substantial £1.4 million (€1.64m) export finance package courtesy of HSBC UK, in collaboration with the UK Export Finance (UKEF) agency.
The objective of this significant deal is to bolster OOSC’s presence in key global markets, including the European Union, the US, Canada, Australia, and New Zealand. This expansion strategy involves partnering with renowned distributors such as Asos, Decathlon, Zalando, Macy’s, and Hudson Bay.
Furthermore, the funding is earmarked for augmenting OOSC’s inventory, a move expected to fortify its international sales trajectory. This initiative will empower the brand to efficiently fulfill a surge in demand from major retailers worldwide.
Nick Marsden, co-founder and Director of OOSC, expressed gratitude for UKEF’s instrumental support in the brand’s international journey. “For the last two years, UKEF support has been crucial for our international growth. We’re seeing customers around the world get excited not only by our retro-styled products but also by our industry-leading sustainability credentials and the wider impact we’re having on the planet. UKEF has played a critical role in facilitating our international growth, strengthening our presence in existing markets and entering new ones. We simply would not have grown as fast as we have without its support.”
Committed to sustainability
Marsden, who co-launched OOSC with Aaron McLaughlin in 2015, highlighted the brand’s commitment to sustainability. OOSC’s product line, comprising retro-styled skiwear, swimwear and gymwear, is crafted from recycled materials such as plastic bottles and reclaimed fishing nets.
With a global reach spanning over 110 countries through their online platform, OOSC has previously received UKEF backing in 2021, including a £450,000 (€526,000) facility and a green trade loan, acknowledging the brand’s eco-friendly ethos and sustainable practices.
