Consumer
Boohoo, Lenders Hire Advisers as Retailer Nears Debt Deadline
- Creditors are set for refinancing talks with the UK company
- Boohoo is grappling with a consumer slowdown as losses widen
The group has suffered a string of losses in recent years.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Lenders to Boohoo Group Plc have hired advisers to thrash out a deal with the British online clothing retailer as it faces a looming £325 million ($418 million) debt wall and mounting losses.
Creditors have tapped FTI Consulting Inc. to help them tackle talks about a refinancing, said people familiar with the matter, speaking on the condition of anonymity. For its part, Boohoo is working with bankers at Rothschild & Co., said some of the people.