Funds Sue Lingerie Firm, Trustee in UK Over Soured Debt Deal

The suit concerns the trustee’s enforcement on Hunkemöller’s shares in March 2025 after a default that led to Redwood owning the business.
Photographer: Bildagentur-online/Schoening/Universal Images Group/Getty Images

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By Giulia Morpurgo

October 17, 2025 at 4:23 PM UTC

Updated on

October 18, 2025 at 9:07 AM UTC

A trio of investment funds are suing Dutch lingerie retailer Hunkemöller International BV and the trustee of its debt over claims that a transaction which saw fund Redwood Capital Management take over the company violated their creditor rights.

Cheyne Capital Management, Man Group Plc and Contrarian Capital Management filed a case against the company and trustee TMF Group, according to an Oct. 10 filing in at the High Court in London. There are no further publicly available details on the court file.