Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Eco-Friendly Skiwear Brand, OOSC Clothing, Embarks on Global Expansion with £1.4m UK Government Deal

by February 29, 2024
February 29, 2024
Eco-Friendly Skiwear Brand, OOSC Clothing, Embarks on Global Expansion with £1.4m UK Government Deal

OOSC Clothing, a pioneering skiwear brand renowned for its eco-friendly ethos, is poised for international growth with a significant financing package secured through UK Export Finance (UKEF) in partnership with HSBC UK.

Based in Worcestershire and London, OOSC is renowned for its retro-styled ski, gym, and swimwear crafted from recycled materials, including plastic bottles, fishing nets, and sea waste. With nearly a decade of operation under its belt, OOSC is set to bolster its sales across key markets, including the EU, USA, Canada, Australia, and New Zealand, through collaborations with major distributors such as ASOS, Decathlon, Zalando, Macy’s, Hudson Bay, and others.

Founded by two friends from Swansea University, OOSC has rapidly expanded its presence, exporting to over 110 countries through its regional websites, with sales extending to 49 separate US states. The latest financing deal with UKEF, facilitated by HSBC UK, will enable OOSC to meet the escalating demand in key markets and enhance its global footprint.

Launched in 2015, OOSC has made waves with its sustainable approach to fashion, producing ski outerwear exclusively from recycled materials. In 2022, the brand garnered further attention by partnering with Team GB and double Olympian snowboarder Katie Ormerod, who developed her own range under the OOSC banner.

Supported by the financing package, OOSC aims to fulfill international orders from prominent retailers like ASOS and Decathlon while expanding its inventory to accommodate the surge in global sales. This follows a previous £450k facility provided by HSBC UK and UKEF in 2021, with additional support from HSBC in the form of a green trade loan in 2023, underscoring OOSC’s commitment to sustainability.

UKEF’s array of credit guarantees and insurance schemes have been instrumental in facilitating UK businesses’ access to finance, with OOSC benefitting from a ‘General Export Facility’ credit guarantee, enabling smaller businesses to access flexible trade finance through various financial institutions.

Tim Reid, CEO of UK Export Finance, commended OOSC’s journey from inception to becoming an iconic UK brand, emphasizing UKEF’s role in supporting innovative ventures and removing financial barriers to success.

Nick Marsden, Co-Founder and Director of OOSC Clothing, expressed gratitude for UKEF’s crucial support in driving international growth, highlighting the positive reception to their sustainable products worldwide.

Ben Clarke, Global Relationship Director at HSBC UK, affirmed the bank’s commitment to assisting ambitious UK businesses like OOSC in their domestic and global endeavors, leveraging its global expertise to foster success.

Read more:
Eco-Friendly Skiwear Brand, OOSC Clothing, Embarks on Global Expansion with £1.4m UK Government Deal

0
FacebookTwitterGoogle +Pinterest
previous post
New Emergency Spending Would Cost $28-$41 Billion More Than Incomplete Budget Score Suggests
next post
Marco Bitran Discusses The Art And Business Of Sustainable Housing Development

You may also like

Multi-tasking and burnt-out, but working Brits are sleeping...

April 4, 2023

The Pros and Cons to Outsourcing IT Business...

March 6, 2023

160,000 SMEs without mandatory employers’ liability insurance risk...

February 22, 2023

How Do Law Firms Improve Their Online Visibility?

April 18, 2024

Wet Weather and Economic Caution Dampen Spring Retail...

May 7, 2024

Ex-Virgin Money chief Gadhia explores sale of finance...

March 22, 2023

UK and Ukraine launch talks on digital trade...

August 24, 2022

Percy Pig’s American dream under threat as M&S...

April 4, 2025

Life For Love: Connecting Hearts Worldwide for Over...

April 25, 2024

E-Commerce Boom How SEO Agency in Dubai, UAE...

September 22, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Friday Feature: Savannah Legacy Academy

      June 27, 2025
    • The Supreme Court Is Right on Reading Opt-Outs, But That’s Not Enough

      June 27, 2025
    • Barrett eviscerates Jackson, Sotomayor takes on a ‘complicit’ court in contentious final opinions

      June 27, 2025
    • Trump would strike Iran ‘without question’ if it restarts nuclear weapons program

      June 27, 2025
    • Florida man indicted for ’86’ posts allegedly threatening to kill Alina Habba

      June 27, 2025
    • Top House Republicans send stern warning to Senate GOP as Trump’s ‘big, beautiful bill’ risks delay

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,079)
    • Politics (15,835)
    • Stocks (3,174)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved