Hunter Boot, the iconic British footwear brand, is currently in discussions with financiers, including Gordon Brothers, to secure a £8 million cash injection that is crucial for its future. The company has also sought assistance from AlixPartners to navigate the complexities of securing funding. Additionally, Hunter Boot is exploring the possibility of a sale and is actively pursuing options through an accelerated sale process.

Further information provided by Sky News emphasizes the urgency behind the funding efforts. A source has stated that the company is racing against time to secure new working capital while simultaneously exploring potential sale opportunities. Offers from interested parties, including Gordon Brothers, have already been received, with an approximate amount of £8 million on the table. Hunter Boot is also in ongoing discussions with its primary lender, Wells Fargo.

However, there appears to be a difference in opinions on the potential consequences if the funding is not secured. While a source close to the company assures that there is no risk of running out of money, an insider expresses concerns about a looming funding crisis if a capital injection is not obtained. This disparity underscores the importance of resolving the funding issue promptly.

In 2020, Hunter Boot received a significant funding boost, exceeding the amount it is currently seeking. Pall Mall Legacy, the majority shareholder, played a role in this funding round, alongside other notable shareholders including Searchlight Capital Partners and Pentland Group.

Despite the challenges faced, Hunter Boot has maintained a steady growth rate of approximately 20%. This positive momentum highlights the brand’s strong potential and value, making it an attractive prospect for potential investors or buyers.

As negotiations continue and the search for new capital intensifies, Hunter Boot remains confident in its resilience. The brand’s rich heritage, celebrity following, and iconic products position it as a force to be reckoned with in the fashion industry. With a deal expected to be finalized in the coming weeks, Hunter Boot is actively taking measures to ensure its long-term success and continue providing high-quality footwear to its dedicated customer base worldwide.

Useful Links:
1. Hunter Boot Official Website
2. Gordon Brothers – Investopedia