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16/02/2015

Brecon luxury goods supplier set for expansion backed by a micro loan from Finance Wales

A Brecon-based company and sole distributor of the Italian luxury brand, Cosi Tabellini in the UK and Ireland is expanding thanks to a micro loan from Finance Wales.

The Cosi Tabellini range of over 1,000 hand-crafted pewter, crystal and ceramics pieces is known throughout the world.  Pieces have appeared in Pirates of the Caribbean, Harry Potter and will be featured in season 3 of Vikings.  They are also stocked by high-end retailers such as Bergdorf Goodman, Neiman Marcus and Barneys of New York and grace luxury and boutique hotels and restaurants such as The Four Seasons and Soho House Group.
 
Owner, Jenny Jones, who invested her own funds in the business, plans to expand her customer base within the retail, interior design and luxury hospitality sectors.  She will use Finance Wales’ micro loan to improve her retail website, attend trade shows and implement new marketing strategies.

“I’m very proud to sell Cosi Tabellini, it’s a genuinely unique product hand-crafted from quality materials by highly skilled Italian artisans in an area of Italy famous for pewter craftwork. It’s a third-generation family run company established in 1954 that has remained true to its origins.

“Finance Wales’ loan has given my business a boost, helping me to raise awareness of Cosi Tabellini in the gifts and homewares markets in the UK and Ireland and expand my customer base.  I’m attending trade shows to develop my networks and also building my social media presence.  I also have plans to develop an online wedding registry for my website in time for the 2015 summer weddings rush,” Jenny explained.

Gaynor Morris, Investment Executive in Finance Wales’ microloans team based in Mid-Wales arranged the loan for Cosi Tabellini.  She said: “Jenny has a huge passion for the Cosi Tabellini brand and her customers and sales have been brisk in the past few months.  She’s demonstrated great personal drive and commitment since she set up the business and has some clear ideas and plans for the future.

“Jenny’s ready to make these plans a reality thanks to Finance Wales’ micro loan.  She can now build on the success she’s already achieved through social media and customer recommendation.”

Finance Wales’ micro loan came from the Wales JEREMIE Fund which is backed by the European Regional Development Fund through the Welsh Government and the European Investment Bank under the European Commission's Joint European Resources for Micro to Micro to Medium Enterprises (JEREMIE) initiative.

Micro loans are also available from the £6 million Welsh Government-backed Wales Micro-business Loan Fund.