Fashion chain Superdry has revealed higher sales for the past six months driven by stronger trade in stores, as the fashion brand also secured an £80m refinancing deal with a US hedge fund for the next three years.
The Gloucestershire-headquartered clothing retailer had previously 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.
Superdry said on Thursday (December 22) the new loan facility agreed with Bantry Bay Capital, which is backed by US activist investor Elliott Advisors, would replace this scheme, with higher interest rates in place.
