Struggling Superdry in talks with lender Hilco over £10m loan

Struggling fashion chain Superdry has confirmed it is in discussions with refinancing firm Hilco over a £10m loan. The Cheltenham-headquartered retailer is in talks to increase its lending facilities to help with its turnaround plans.
It also said it is having discussions for an extra £10m to assist with seasonal working capital, and an extension to the maturity date of its facilities with Hilco by six months to February 7 next year.
The business told the stock market there was “no certainty” that such changes will be agreed. The company issued the statement in …
Read more…….