Hedges Direct set for new growth with ?2.7m investment
Leading online hedging retailer Hedges Direct is poised for growth, following a ?2.7m investment to strengthen its ecommerce success in the online hedging and landscaping market.
The funding is set to be spent on increasing the product ranges, enhancing the customer journey through development of the website infrastructure and branching out into emerging markets, with the aim of doubling the size of the business over the next three years – firmly planting Hedges Direct at the forefront of the growing online garden sales industry.
With over 10 years? expertise in the online retailing of plants, Hedges Direct sells and despatches over a million plants a year, supplying quality hedging, topiary, trees, turf, topsoil and planting essentials.
Euxton Group, which owns Hedges Direct along with Best4Hedging and Impact Plants, received the cash injection through a Buy In Management Buy-Out by the Foresight Group and its dedicated regional investment fund, which focuses on private equity investments into SME?s.
Michael McVey, managing director of Euxton Group, said: ?Our expertise in the horticultural and landscaping market is reflected in the year-on-year growth of our order volume and value. Through Foresight?s investment, we will be able to develop our business further and capitalise on our position as the leader in online horticultural retailing.?