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The Second-Hand Uprising

“It was a simply equity purchase,” says Amsdon, “none of that ‘preferred shares’ type of deal or any of that kind of thing.” 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 Watchfinder’s and is evidently growing steadily, surely bridging loans or an ongoing finance facility from a bank are more the order of the day? “Every retailer is trying to get into the second-hand market now, so we needed to establish dominance. We’re the gorilla in the room now.

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