Fashion chain Superdry has confirmed it is in talks with a US hedge fund over a lending facility as the business faces an uncertain future.
The Gloucestershire-headquartered clothing retailer warned in October of "tough times ahead" due to inflation and said there was a “material uncertainty” over the future of its business with a £70m loan facility set to expire in January.
On Monday, the company confirmed a Telegraph report that said it is trying to secure funding from Bantry Bay Capital, which is backed by US activist investor Elliott Advisors.
