{"id":222702,"date":"2022-12-23T09:18:57","date_gmt":"2022-12-23T09:18:57","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=222702"},"modified":"2022-12-23T14:28:53","modified_gmt":"2022-12-23T14:28:53","slug":"matalan-finalises-sale-process-plans","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/matalan-finalises-sale-process-plans\/","title":{"rendered":"Matalan finalises sale process plans"},"content":{"rendered":"
Matalan<\/a><\/span> has announced further details regarding its ongoing sale, confirming that it has <\/strong>\"received bids from a number of interested parties\".<\/strong><\/p>\n <\/em><\/p>\n The company is currently assessing all the tabled bids. Discussions are also continuing with interested parties and their advisers.<\/p>\n The retailer said that it's looking to complete the sales process by the end of January 2023 and will provide a comprehensive update to the market at such time.<\/p>\n It added that the ad hoc group of existing First Lien Noteholders, which are represented by Invesco, Man GLG, Napier Park and Tresidor, reconfirmed its commitment to a recapitalisation if necessary.<\/p>\n