Hilco
Hilco is a global financial services company specialising in asset valuation, advisory, and liquidation, with a significant presence in the UK retail sector. For retail professionals, Hilco’s activities often intersect with major developments in store closures, restructuring, and turnaround strategies, making it a key player to watch during times of market turbulence. Retail Sector’s coverage of Hilco includes breaking news on company acquisitions and disposals, in-depth analysis of administration processes involving high-street chains, and insights into how Hilco’s interventions shape the future of UK retail businesses. Our reporting also examines the operational and strategic implications for supply chain managers, ecommerce leaders, and retail executives navigating distressed retail environments.
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Mar- 2024 -12 MarchNews
Today’s news in brief-12/3/24
Superdry is in talks with Hilco Capital for a loan of up to £20m. This loan would support the company’s ongoing turnaround efforts and provide liquidity for its operational needs, including managing seasonal working capital peaks. Additionally, Superdry aims to extend the maturity date of its facilities with Hilco. These…
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12 MarchClothing & Shoes
Superdry discusses £20m loan with Hilco
Superdry has confirmed that it is in discussions with Hilco Capital for a loan worth up to £20m. The company stated that it was looking for £10m to provide the necessary liquidity to help implement its ongoing turn around and cost cutting plans. Furthermore, Superdry is looking for additional £10m…
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Feb- 2024 -27 FebruaryNews
Today’s news in brief-27/2/24
Shop price inflation reached its lowest level since March 2022, dropping to 2.5% in February, according to new figures from the British Retail Consortium (BRC). This decline was attributed to easing input costs for energy and fertilisers, resulting in lower food prices. However, non-food inflation remained stable, with clothing prices…
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27 FebruaryDIY
Homebase owner eyes second sale in four years
Hilco Capital has reportedly put Homebase up for sale for the second time in four years after acquiring the business for £1 in 2018. According to reports from The Times, Hilco has already sounded out potential buyers such as B&M and The Range. Hilco originally acquired Homebase from Australian firm…
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20 FebruaryNews
Today’s news in brief-20/2/24
Julian Dunkerton is reportedly in discussions with US investor Davidson Kempner regarding a potential deal to take the company private. While talks are in the early stages, Dunkerton aims to acquire the majority stake in Superdry that he doesn’t already own. The company has faced challenges, including a YoY sales…
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20 FebruaryClothing & Shoes
Superdry founder in talks with US investor for take private deal
Superdry founder Julian Dunkerton is reportedly in talks with US investor Davidson Kempner as he seeks to put together a deal to take the company private, according to Sky News. The outlet said talks are at a preliminary stage and there is no guarantee that Davidson Kempner will agree to…
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Jan- 2024 -17 JanuaryNews
Today’s news in brief-17/1/24
In a surprising turn of events, inflation in December exceeded economists’ predictions, rising to 4%, contrary to the forecasted decrease to 3.8%. The Office for National Statistics (ONS) reported that the upswing was driven by increases in fuel and tobacco prices. Notably, alcohol and tobacco division prices surged by 12.8%,…
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17 JanuaryNews
Superdry hires PwC to explore debt options
Superdry is believed to have appointed accountancy firm PwC to explore its debt options, Sky News has revealed. The clothing retailer is supposedly working with advisers from the firm to review the funding options following a pre-Christmas profit warning. The news comes after Superdry reported YoY sales decrease of 13.1%…
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Dec- 2023 -19 DecemberNews
Today’s news in brief
South Korean e-commerce giant Coupang has reportedly reached an agreement to acquire Farfetch in a $500m rescue deal. The transaction involves a bridge loan to Farfetch and negotiations with a group of debtholders holding a significant portion of Farfetch’s term loan. The London-based luxury retailer is expected to undergo acquisition…
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19 DecemberClothing & Shoes
Superdry issues FY24 profit warning amid mild weather
Superdry has warned on profits for the 26-week period ended 28 October, attributing a 13% year-on-year drop in sales to “abnormally mild” weather. While the retailer expected wholesale to be down 41.1% year-on-year due to its decision to exit its US wholesale operation, it was also driven by “timing differences…
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