Derby bicycle supplier and distributor Moore Large has received an eight-figure funding package from HSBC UK to support a management buyout.
The deal will see four senior members of management take over the running of the business from the Moore family, with plans to grow the business by 40 per cent in the next four years.
The business has benefitted from growing interest in cycling since the start of the pandemic, and will focus on developing its house brands which include ‘ETC’ and ‘Forme’.
