FUNDS DRY UP

Fashion firm Superdry yesterday confirmed it was in talks with a US hedge fund, with the business facing an uncertain future if it cannot secure a new lender. Superdry has confirmed that it is trying to secure funding from Bantry Bay Capital. The firm, best known for its hoodies and jackets, stressed the need to refinance some debt last month, warning that until the cash facility was replaced there was material uncertainty around the going concern of the group.