THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Superdry secures new financing to help with turnaround plan

The Superdry fashion brand has secured a secondary lending facility to help accelerate its turnaround plan. The company has agreed a facility of up to £25… View Article

FASHION RETAIL NEWS UK

Superdry secures new financing to help with turnaround plan

The Superdry fashion brand has secured a secondary lending facility to help accelerate its turnaround plan.

The company has agreed a facility of up to £25 million with restructuring and refinancing firm, Hilco Capital.

Superdry said the move will also help with the implementation of its cost reduction programme.

The facility with Hilco is for a twelve-month term with the option to extend and is at an interest rate of 10.5% plus the Bank of England base rate on the drawn element.

The agreement comes in addition to Superdry’s existing asset-backed lending facility with Bantry Bay Capital.

In April, Superdry withdrew its full-year profit guidance of ‘broadly breakeven’ after sales failed to meet expectations.

Subscribe For Retail News