Superdry lines up Hilco to secure £20m loan

Exterior of Superdry Battersea store

Embattled fashion retailer Superdry is reportedly having discussions with one of its existing lenders, Hilco, to negotiate a new multimillion-pound funding facility.

Superdry confirmed today in a statement published on the London Stock Exchange that it is in talks with Hilco to borrow £20m as it seeks fresh funding to support its turnaround.

This comes after Sky News first reported that discussions were at a “detailed stage” despite not being certain to result in a deal.

 

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