Equip announces strengthened leadership, major investment package and continued growth momentum

Equip Outdoor Technologies Ltd. (owner of British outdoor brand Rab), has announced a series of strategic developments supporting the next phase of its growth journey, including a strengthened leadership structure, a £48.5m sustainability‑linked investment package from HSBC UK, and continued strong financial performance.

Strong growth trajectory

Equip’s five‑year strategy, introduced by the Board in 2024, is delivering strong results. The business achieved £117.0m turnover in FY26, building on £106.4m in FY25 and £105.8m in FY24, reinforcing robust progress.

With momentum increasing for the Rab brand, the business is now targeting 40% growth in annual sales over the next three years, reflecting confidence in market demand, operational capability and long‑term brand strength.

Leadership structure strengthened to support scale

To underpin this next phase of expansion, Equip has enhanced its operational leadership structure.

• Rob Maynard, previously Chief Financial Officer, has been appointed Chief Operating Officer. In this expanded role, Rob now leads Buying & Sourcing, Inventory & Analytics, and IT & Systems, strengthening operational synergies and improving cross‑functional alignment across the business.
• Richard Pinner joined Equip in May 2026 as Buying and Sourcing Director. Formerly Vice President of Sourcing and Product Development at Pentland Brands, Richard brings deep expertise in global sourcing and product development. He succeeds Matt Bingham, who leaves the business in June after 12 successful years.

£48.5m investment package to expand operational capacity

Equip has secured a £48.5m funding package from HSBC UK to support the next stage of its growth strategy. The investment will enable the purchase and development of a new six‑acre warehousing facility in Alfreton, Derbyshire, complete with full solar installation.

The funding has been structured as a Sustainability Improvement Loan, reflecting Equip’s strong existing ESG performance and its ongoing ambition to lead in responsible business practices.

The new site represents a strategic investment in future scale, providing the infrastructure required to meet rising demand, improve efficiency and strengthen long‑term operational resilience. Over time, all warehousing and operations, and Rab’s UK manufacturing will transition to the new facility, supporting job creation and safeguarding employment in the local community.

Continued leadership in responsible business

The business continues to demonstrate strong CSR and ESG leadership by recently achieving B Corp™ certification, along with its brand Rab, reinforcing its commitment to responsible, sustainable growth.

Further details on the company’s impact and sustainability performance will be shared in the Rab 2026 Impact Report, to be released on 11 June.

Richard Leedham, Chief Executive Officer at Equip, states: “Our continued momentum reflects the strength of our strategy and the commitment of our teams. Growth in Europe, together with expansion in North America and the rest of the world, positions Rab well for the next phase of sustainable growth. By strengthening our operational capability, we will be better placed to deliver our long-term ambitions in line with our purpose and B Corp™ certification.”

Rob Maynard, Chief Operating Officer at Equip, adds: “Demand for Rab’s technical products has grown significantly over the last few years, and this funding gives us the ability to build on that momentum. The valued ongoing support from HSBC UK will help us expand capacity and put the right foundations in place for the next stage of our journey.”

Philip Carr, Senior Relationship Director at HSBC UK, concludes: “Alongside strong commercial growth, Equip has shown a clear commitment to embedding sustainability and responsible business practices into its long-term strategy. The team have led the business with real ambition, backed by a thoughtful approach to future growth, and we’re pleased to be supporting them through this next exciting stage.”