Retailer Superdry seeks new funds to repay bank debt

Superdry’s directors have acknowledged that there was material uncertainty over the company’s ability to continue as a going concern until funding was secured.

The Superdry outlet on Cork City's St Patrick's Street.

Clothes retailer Superdry is seeking to tap investment funds to repay banks on a loan due in January as the cost-of-living crisis hits consumer spending.

The London-listed clothing company has been sounding out potential new investors to replace an asset-backed facility worth £70m (€80.5m), according to sources familiar with the matter.