This British sushi chain just got £40 million to expand overseas
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HSBC granted Itsu the funding to expand internationally over the next three years, the bank told Business Insider.
"Itsu is a dynamic fast-food retailer with high growth prospects, a respected brand and ambitious goals," said Amanda Murphy, HSBC's UK Head of Corporate Banking.
Landen Prescott-Brann, Itsu's chief financial officer, added: "We see a lot of opportunity in the fast-food market both here in the UK and overseas. Consumers increasingly want healthy food options while on-the-go - and we can provide this."
The statement didn't say which countries Itsu is planning to expand into. However the news comes only a few days after the group announced a 20% rise in turnover to £67.9 million ($104 million) in the year to January. Profit - earnings before interest, tax, depreciation and amortisation - also soared by over 32% to rose £6.9 million ($10.6 million).
Itsu has 52 shops and two dine-in restaurants in Britain and plans to open between 12 and 15 new stores in the UK by the end of the year.
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