SPAIN - Caja Madrid backs bridal firm

Grupo Nupcial Novissima anticipates an EUR 18m injection over the next 10 years, which would triple turnover to a projected EUR 70m. EUR 14m out of the total will serve the international expansion of the company while the remaining EUR 4m will be used for development at the domestic level.

The company owns four brands (Novissima, Charo Peres, Camila Elbaz y Estrella Roch), has 61 stores in Spain and employs 220 people. It also has a presence in Mexico through an agreement with department store Liverpool and it is considering opening 46 new stores over the next five years.

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• Topics
• Expansion
• Southern Europe