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Investment
3 mins to read

Briscoe Group to take out multimillion dollar loan

The ‘conservative’ retailer says it isn’t scared of borrowing as it seeks external funding.

Briscoe Group brands Rebel Sport and Briscoes Homewares.

Kate McVicar Thu, 13 Mar 2025
Key points
  • Revenue: Down less than 1% to $791.5m
  • Net Profit: Down 28% to $60.6m
  • Key takeaway: External funding will help bolster the Briscoe Group balance sheet. 

Briscoe Group is expected to take out its first bank loan, as money is prioritised toward growth initiatives.

In a trading update published yesterday, Briscoe outlined plans for a funding facility. Briscoe Group managing director Rod Duke said due to the $100 million distribution centre being

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Kate McVicar Thu, 13 Mar 2025
Contact the Writer: kate@nbr.co.nz
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Tags
Briscoe Group Briscoe Rod Duke Geoff Scowcroft retail Politics
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Briscoe lays groundwork for growth through $100m facility

Key points
  • Revenue: Down less than 1% to $791.5m
  • Net Profit: Down 28% to $60.6m
  • Key takeaway: External funding will help bolster the Briscoe Group balance sheet. 
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
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Related News
Investment

Briscoe Group to miss full year profit target

Investment

Briscoe tempers full-year expectations, with profit down

Investment

Briscoe Group creeps into record sales territory

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Briscoe rules out term limits as board independence is questioned
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2

Briscoe lays groundwork for growth through $100m facility

Briscoe Group to take out multimillion dollar loan
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