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ScS agrees Ikano finance tie-up

IkanoScS has agreed a deal with former Ikea subsidiary Ikano to provide it with consumer finance.

The upholstery and flooring chain has signed a three year deal with Ikano Bank , including six months to 48 months IFC.
‘ScS is one of the UK’s best known furniture and flooring retailers, with strong heritage and brand recognition. Simple, responsible and effective POS finance solutions are an increasingly integral part of the mix for retailers looking to encourage customer engagement and loyalty. Our partnership with ScS will allow the retailer to continue to deliver excellent in-store experiences and a strong post-sales support service,’ said Andy Paver, Ikano head of UK partner loans.
In 1956 Ikano was created to manage all non-furniture related aspects of Ikea’s business and in 1988 Ikano separated from Ikea to become an independent set of companies, still wholly owned by the Kamprad family.
Ikano Bank provides retail finance to more than 100 retailers including DFS, Ikea, Vision Express, Karen Millen and Oasis and is looking to further expand into the home furnishings, home improvements and leisure sectors. It was founded in 1994.