UK fashion brand Superdry gets $32 mn funding for turnaround plan

August 08, 2023 12:46 AM

British fashion company Superdry has secured additional funding of up to £25 million (around $32 million) from restructuring specialist Hilco Capital.

The struggling brand, whose shares have dipped about 44% this year, will use the funding to boost its turnaround plan.

This comes after Superdry already secured an asset-backed lending facility worth £80 million from Bantry Bay Capital.

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