Oliver Bonas, which has stores in many different locations across the UK, including Gatwick Airport, Liverpool One and Westquay closed all of its locations during the lockdown and therefore made use of the furlough schemes in both Britain and Ireland to pay its staff.
Whilst the firm continued to trade online, its brick-and-mortar stores are responsible for most of its revenue so sales will have been muted, although it hasn’t given any update on the exact percentages. The company had moved fast to make the most of lockdown web sales but said recent months have been challenging. The company’s new funding is helping it to manage its way through the changing retail environment and adapt to a world in which online is even more important.
