ITV injects GBP2 million into Respoke via IT AdVentures Invest
Tue, 4th May 2021 16:38
(Alliance News) - ITV PLC on Tuesday said it will subscribe for up to GBP2 million of convertible notes into Respoke Ltd, a menswear clothing firm behind the brand SPOKE.
This deal marks the second investment made by ITV AdVentures Invest, which is the FTSE 250 broadcaster s media for equity initiative, and will be made alongside the British Growth Fund, Oxford Capital and 24Haymarket.
Respoke will use the investment for television advertising purposes. For the year ended October 31, 2019, Respoke s gross assets were GBP8.1 million, up from GBP3.2 million.