LAING Edinburgh, the sixth generation family jeweller, has secured a £4 million funding package from Barclays.
The deal financed a £1.7m refurbishment of the firm’s flagship store on George Street, as well as providing capital for further business investment.
Michael Laing, chairman of the 175-year-old firm, said: “The retail sector is changing, the way people shop is changing and we need to be able to meet the evolving needs of our customers, making it easy for them to browse and buy online as well as in-store without losing the personal touch and experience people expect from a luxury retailer.”
Ally Scott, managing director of Barclays Corporate Banking Scotland, said: “The new store is an impressive physical marker of [Laing’s] success but we will also be working closely with the business behind the scenes to support its growth.”
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