Fashion retailer Superdry has secured funding of up to £25m in its latest bid to “help accelerate” its turnaround plan and cost-reduction programme.
The new round of funding has been facilitated by Hilco Capital and aims to provide the company with “improved liquidity” amid its turnaround attempt.
The funding is in addition to Superdry’s existing asset-backed lending facility with Bantry Bay and the retailer said it will “help mitigate the headroom cap on this oustanding credit agreement”.
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