{"id":226276,"date":"2023-02-13T08:15:17","date_gmt":"2023-02-13T08:15:17","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=226276"},"modified":"2023-02-13T17:50:01","modified_gmt":"2023-02-13T17:50:01","slug":"hunter-boots-lines-up-7m-funding-paving-the-way-for-outright-sale","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/hunter-boots-lines-up-7m-funding-paving-the-way-for-outright-sale\/","title":{"rendered":"Hunter Boots lines up \u00a37m funding to pave the way for outright sale"},"content":{"rendered":"

Royal warrant holder Hunter Boots<\/a><\/span> is lining up \u00a35 million from existing shareholders and \u00a32 million from lenders as it moves towards the sale of the company.<\/strong><\/p>\n

The footwear brand, renowned for its wellington boots that became the uniform for British festival goers in the early 2000s, is close to securing a multimillion-pound funding lifeline that could pave the way for an outright sale of the company.<\/p>\n

Hunter<\/a> is working with AlixPartners on the \u00a37 million financing, which comes amid separate talks about a sale of the company. No further details have been reported.<\/p>\n

The company is one of only 10 companies to hold two royal warrants, one of which was issued by the late Queen Elizabeth II.<\/p>\n

A source told Sky News: \"Hunter is a great business, and this financing sets it up well to capture the opportunities available in the year ahead.\"<\/p>\n

The company was saved in 2020 through a \u00a316.5 million capital injection, part of which came from Pall Mall Legacy, a fund backed by existing shareholders Goldman Sachs and Three Hills Capital Partners.<\/p>\n

Pall Mall Legacy owns the majority of Hunter's shares, alongside Searchlight Capital Partners, a private equity firm, and Speedo\u2019s owner Pentland Group. 1856-founded Hunter, which was originally named North British Rubber Company, has seen a successful post-COVID sales rebound.<\/p>\n

The cancellation of live events and music festivals during COVID had a particularly severe impact on Hunter, which has long been associated with celebrity festival-goers such as Kate Moss. The company has closed its former flagship on London's Regent Street. The only remaining brick-and-mortar stores are at outlets Bicester Village<\/a> <\/span>and Woodbury in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"

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