old

Danish value furniture and homeware retailer JYSK has taken its investment in its British based retail chain to nearly £22m following a rights issue.


The retailer issued £3m of new shares to its parent company to fund its UK operation, according to a new Companies House filing.


That brought total investment in the UK subsidiary to £21.9m.


JYSK — part of the Lars Larsen Group — grew year to end August UK sales to £10m as it opened a number of shops across the country. It plans to have 20 stores here by the end of the summer.