#Canada #Montreal #Home Décor #Bouclair #SACP

Second Avenue Capital Partners Provides $20 Million Credit to Bouclair

In a significant move for the Canadian home fashion industry, Second Avenue Capital Partners (SACP), a Schottenstein affiliate, has finalized a $20 million senior secured credit facility for Bouclair, a prominent Canadian home brand celebrated for its stylish and affordable home décor and furnishings. This agreement will enhance Bouclair's financial liquidity and flexibility, allowing the company to propel its growth and broaden its wholesale activities.

Founded in 1970 and headquartered in Montreal, Quebec, Bouclair has cultivated a robust reputation for its unique in-house designs and exclusive product collections. With a strong omnichannel presence, the brand operates over 54 retail stores across Canada and boasts a thriving online platform, catering to a diverse customer base. The new financing not only aims to consolidate Bouclair's existing operations but also to empower the brand in tapping into new partnerships with top retailers worldwide.

Peter Goldberg, president and CEO of Bouclair, expressed enthusiasm regarding the partnership with SACP. “As we continue to scale our business, securing a financing partner who understands our vision and offers the flexibility needed to execute our strategy is essential,” he stated. “SACP’s deep expertise in retail financing aligns perfectly with our ambitions.”

In addition to the support from SACP, Bouclair secured a complementary financing commitment from Investissement Québec, underscoring the significant confidence stakeholders have in Bouclair's business strategy. Goldberg elaborated on this support, stating, “Their backing arrives at a crucial time, promising to make a significant difference in our internal growth.”

Part of SACP’s competence lies in structuring bespoke financial solutions tailored to the unique requirements of premier retail brands throughout North America. Andrew Prunier, managing director of SACP, commented on the exciting potential of Bouclair's growth trajectory, stating, “The company has a compelling vision for its future, and we look forward to partnering with their exceptional team as they navigate the evolving retail landscape.”

As Bouclair braces for a new chapter, the credit facility will fortify its wholesale channel and enhance the company's B2B capabilities. This strategic expansion positions Bouclair to introduce its stylish yet affordable home furnishings to broader markets, thereby shaping its role as a leader in the home décor sector.

Moreover, the partnership with SACP highlights Bouclair's mission to inspire customers through beautiful products and exceptional shopping experiences. With 700 employees committed to realizing this vision, Bouclair is poised to explore new opportunities and solidify its place in the competitive home products market.

The collaboration also emphasizes the increasing importance of innovative financing in retail, particularly within the home décor space, where customer preferences and market dynamics continue to evolve rapidly. As the firm continues to leverage experienced retail operators and financial experts, SACP stands firm in its commitment to delivering capital that allows businesses to achieve their objectives and orchestrate meaningful growth.

As SACP reinforces its presence in the funding landscape for retail ventures, brands like Bouclair will benefit from enhanced financial tools to accelerate their strategic initiatives and adapt to market demands.

In summary, with the infusion of new capital and strategic guidance, Bouclair is set to redefine its journey in the home décor market, continuing to expand and enrich the living spaces of customers across Canada and beyond.