Hilco Capital news and archive

Claire's UK: Hilco, Modella, and Doug Putman vie for acquisition

According to media reports, Hilco Capital has re-entered the race to acquire the UK and Ireland business of Claire's, just weeks after initially pulling out. The move comes as Claire's, which went into administration on August 13, seeks a buyer to save its 306 stores and 2,150 jobs. Hilco Capital joins a list of prospective buyers that includes...

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Superdry investor Hilco said to be eyeing Claire’s takeover

Hilco Capital, an investor in Superdry and the former owner of Cath Kidston, is believed to be among the initial bidders eyeing a takeover of struggling accessories chain Claire’s. According to Sky News, the investment firm is specifically eyeing the retailer’s UK arm, which reportedly appointed advisors from Interpath Advisory last week to...

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Superdry secures 25 million pounds from Hilco

Fashion retailer Superdry has secured a secondary lending facility of 25 million pounds from retail financing specialists Hilco Capital to help accelerate the implementation of its turnaround plan and cost reduction programme. The facility with Hilco, which has provided loan facilities to large retailers, over the past 24 months, including...

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Hilco sells Canadian brand Tilley to Gibraltar & Company

Hilco Capital has announced the sale of Tilley Endurables Inc., the Canadian hat and travel apparel manufacturer, to Toronto-based investment firm, Gibraltar & Company. “Tilley’s collaboration with Hilco Capital has strengthened its core business and positioned the brand for significant growth under Gibraltar & Company ownership,” said Andrew...

Retail

Bank confirms remaining store closures

Fashion retailer Bank, which fell into administration in January, has confirmed that it will close its remaining nine stores by the end of April. JD Sports sold Bank in November of last year to Hilco Capital, but the investment group could not revive the struggling young fashion chain and it was put into administration on January 5. Originally...