London-based company Threadology has received a significant financial boost with a seven-figure loan from HSBC UK. This comes at a pivotal time for the formalwear supplier and retailer, as weddings and formal events resume following the lifting of pandemic restrictions. The funding from HSBC UK will enable Threadology to expand its operations and meet the growing demand by increasing stock imports.

In addition to the loan, Threadology has entered into an exclusive partnership with Frasers Group called ‘Future in Formal’. Under this partnership, Threadology owns several tailoring brands, including the popular online platform TwistedTailor, which offers both men’s and women’s tailoring options. The company also holds formalwear licenses for Simon Carter and Richard James Mayfair.

CEO Jason Gerrard expressed gratitude to HSBC UK for their support and understanding of Threadology’s business model and growth ambitions. Gerrard highlighted Threadology’s commitment to being disruptors in the tailoring market and expressed excitement about accelerating their growth through the partnership with Frasers Group.

Chris Chambers, HSBC UK’s Area Director for London City Business Banking, commented on the rapid expansion of the formalwear sector and expressed delight in supporting Threadology’s development. Chambers acknowledged the company’s ambitious growth plans and reassured their commitment to helping Threadology achieve an exciting future.

This funding injection and exclusive partnership are expected to propel Threadology’s growth and solidify its reputation as a leading player in the tailoring market. With increased resources and support, Threadology is well-positioned to meet rising demand and drive further innovation in the formalwear industry. The company’s dedication to disrupting the market and providing quality tailoring options for both men and women sets them apart from traditional retailers, positioning them as a driving force in the future of formalwear.

Useful links:
Threadology Official Website
HSBC UK Official Website