The Second-Hand Uprising
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โIt was a simply equity purchase,โ says Amsdon, โnone of that โpreferred sharesโ type of deal or any of that kind of thing.โ At this point in the interview it is still not entirely clear what the investment is for: with a healthy, growing business that plays with figures like Watchfinderโs and is evidently growing steadily, surely bridging loans or an ongoing finance facility from a bank are more the order of the day? โEvery retailer is trying to get into the second-hand market now, so we needed to establish dominance. Weโre the gorilla in the room now.