Skip navigation

Gloucestershire Business News

Sportswear retailer lifts lid on multi-million-pound investment

A sportswear specialist which sells its products around the world is continuing its bid for world domination following a move to new premises and a £3million of investment earlier this year.

Maker of stylish snowboarding, skiing, helmets and goggles - Ruroc - is the firm with big plans.

The business has recently expanded into a refurbished industrial unit on Barnwood Estate in Gloucester to accommodate its growth, moving from its old base at Brunel Court, Waterwells Business Park.

"We had a £3m investment from BGF as we're growing rapidly. We've got over 40 staff now and are releasing three new core products to the range next year," said Daniel Rees, the co-founder and chief executive officer of Ruroc.

BGF (Business Growth Fund) describes itself as the UK and Ireland's most active investor in growing businesses.

Ruroc has sold its stylish helmets and goggles to more than 82 different countries and is working to develop its market in China, South Korea and Japan.

"UK business only accounts for 10 per cent of our revenue, 50 per cent of the revenue is USA. Growth in foreign countries since the start of this season has been 100 per cent. With huge growth in France, USA, Poland and Canada," said Mr Rees.

"We have new distributors in Argentina, South Korea and China. We have in-house social media managers for Japan, Russia, China, Italy, Germany, France, Spain, Netherlands, Sweden, Finland, Denmark, Norway."

It has taken a 10-year lease on its new headquarters where it has based its distribution and design team. The deal was handled by property consultancy Knight Frank.

The Barnwood Estate is a short distance from both Junction 11a of the M5 and Gloucester city centre.

Related Articles

VIDEO: Cheltenham Borough Council spends £37.5million to secure land for Cyber Central Image

VIDEO: Cheltenham Borough Council spends £37.5million to secure land for Cyber Central

The biggest change to Cheltenham since the spa town boom of the 18th century has taken a significant step forward.

VIDEO: 'This is more than a business park, Cyber Central is a  project of national significance' Image

VIDEO: 'This is more than a business park, Cyber Central is a project of national significance'

The Cyber Central plan for Cheltenham has been called a “A project of huge local, regional and national significance” by one of the councillors leading the project.

Where the Cyber Central development will be built and how it will transform Gloucestershire Image

Where the Cyber Central development will be built and how it will transform Gloucestershire

It will have 1,100 homes and lead to new roads and new motorway junctions being built

Former Royal Engineer sent £14,000 drug profits abroad Image

Former Royal Engineer sent £14,000 drug profits abroad

A former Royal Engineer who made money from selling cannabis sent thousands of pounds of his illicit profits abroad to his wife and other people in four countries including two in Africa, a court heard.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.