UK Fashion Retailer Superdry Secures Fresh Funding

Struggling British fashion brand Superdry said on Monday it has secured additional funding of up to £25 million ($32 million) from restructuring specialist Hilco Capital but faces paying interest of just under 16 percent.

The group, whose shares have slumped 44 percent this year, raised £11 million 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…