The private equity-backed owner of Reebok and a stake in David Beckham's consumer goods venture is among the parties circling the royal warrant-holding brand, Sky News understands.
The American company behind brands such as Reebok and Ted Baker is among the suitors weighing bids for Hunter Boot, the royal warrant-holding footwear brand.
Sky News understands that Authentic Brands Group , which also has a stake in David Beckham's branded products portfolio, has expressed an interest in a deal with Hunter.An auction of the business is taking place after Hunter Boot secured a multimillion pound funding lifeline, with existing shareholders injecting £5m into the business and lenders contributing a further £2m.
Hunter, whose boots have often been seen adorning festival-going celebrities such as Kate Moss and the Princess of Wales, is working with advisers at AlixPartners on the auction. The company was last saved in 2020 through a £16.5m capital injection, part of which came from Pall Mall Legacy, a fund backed by Goldman Sachs and Three Hills Capital Partners, an existing shareholder.
Pall Mall Legacy owns the majority of Hunter's shares, with Searchlight Capital Partners, a private equity firm, and Pentland Group, the sportswear giant behind brands such as Speedo, holding the remainder.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Steve Baker's emotional words as NI deal agreed“Seven years of this cost me my mental health' Conservative MP Steve Baker's emotional words as Northern Ireland Brexit deal agreed
Read more »
Q&A with new NCAA president Charlie Baker: Conference parity, NIL and moreNew NCAA president Charlie Baker’s tenure begins today. This week, he spoke with NicoleAuerbach about a variety of topics, including: ◻️ Conference disparity ◻️ A major problem with NIL ◻️ The haves and the have-nots in college sports
Read more »
Ted Kravitz on the Mercedes ‘Achilles' heel’ which the Bahrain track exposesSky Sports' Ted Kravitz believes he has spotted an 'Achilles' heel' on the Mercedes W14 which could hamper their season on certain tracks.
Read more »
Major brands to open stores at Glasgow shopping centreRituals and Polestar will open at the Pollok shopping centre later this year.
Read more »
Mum brands ULEZ fee 'brutal' after joining protest“One man I spoke to said he is not going to be able to look after his 94-year-old mother every day because they can’t afford a new car.'
Read more »
'Nothing about Brexit is normal or fair': James O'Brien brands vote leave advocates as 'liars''It's not fair that liars grabbed our country by the windpipe and squeezed until the flow of oxygen to the brain was so sufficiently cut off we delivered a referendum result that we'll be regretting for generations.' mrjamesob
Read more »