French Connection turns to Hilco to boost liquidity
Fashion group French Connection has secured funding from investment and turnaround specialist Hilco, which will help it through the disruption caused by the coronavirus pandemic.
French Connection, which said it had been ineligible for government-backed financing schemes during the crisis, has agreed a £15m working capital facility with Hilco Capital for the next two years, which it expects “will be sufficient to cover the company’s cash requirements, based on its current conservative expectations of future trade”.
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