Superdry plc: Secondary lending facility of up to GBP25m finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Struggling British fashion brand Superdry said on Monday it has secured additional funding of up to 25 million pounds ($32 million) from restructuring specialist Hilco Capital but faces paying interest of just under 16%. The group, whose shares have slumped 44% this year, raised 11 million pounds in a share placing in May. Superdry said the facility with Hilco is for a 12-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.
UK Fashion Retailer Superdry Secures Fresh Funding businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
ASOS says strategy to prioritise profit is working financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.