The London-listed clothing retailer could announce a joint venture with Reliance Brands to accelerate its growth in India as soon as Wednesday, Sky News learns.
Superdry, the struggling London-listed fashion retailer, is close to striking a partnership with India's biggest retailer that will release tens of millions of pounds to bolster its fragile balance sheet.
In August, it announced that it had agreed a £25m secondary lending facility with Hilco Capital, augmenting an existing asset-based lending deal with Bantry Bay Capital worth up to £80m.Boohoo UK revenue falls 19% as recovery in demand proves weaker than expected In its full-year results in August, Mr Dunkerton said it had been"a difficult year for the business and the market conditions have been extremely challenging".
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