New CID granted £1.3m

Published: 18-Jul-2013
Finance

The brand has secured £1.3m in funding from Barclays bank


UK professional make-up brand New CID Cosmetics has secured £1.3m in funding from Barclays bank.

The funds are expected to help the company hold more stock and therefore satisfy more customer orders, avoiding sales losses as a consequence of long lead times between paying for and receiving goods from overseas suppliers.

Set up by former professional dancer and model Kelly Colman, New CID is available via professional channels in the UK as well as on QVC.

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  • New CID Cosmetics
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