The Range owner secures massive £190m funding boost to accelerate expansion

The owner of The Range, Wilko, Homebase and Bathstore has secured a hefty new £190m credit facility to increase investment in stores, artificial intelligence and its supply chain.
CDS Superstores has agreed the asset-based revolving credit facility with Wells Fargo Capital Finance, alongside HSBC and Citi.
The new arrangement is more than double the size of its previous facility and will provide additional working capital to support the retail group’s next stage of growth.
CDS said t