October 14, 2005 - 13 Búho St, the Spanish urban retailer, which has brought to the UK new concepts in fashion and store design, in line with its process of expansion, will increase its capital to 2 million euros, by issuing 200,000 new shares that have been acquired by the original partners, with the aim creating new investments in logistics and expansion to new markets.
With this new injection of capital the company will complete its investment objectives for 2005 and prepare itself for the new challenges and projects during 2006 and 2007 in which they have foreseen that their urban fashion stores will be present in more than 35 countries. In order to meet this demand, the company recently inaugurated a 47,000 sq m distribution centre and offices in Burgos, Spain.
The group’s UK Store opened in September, with plans to open at least another 10 UK stores in 2005/2006.
View Company Website: http://www.13buhost.com