×
3 703
Fashion Jobs
COTY
Brand Manager Skincare
Permanent · London
FARFETCH
Senior Finance Business Partner - Business Services
Permanent · LONDON
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · CARDIFF
HEAD OFFICE
IT Asset Manager
Permanent · BRACKNELL
WAITROSE
Warehouse Operative
Permanent · BRACKNELL
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
JOHN LEWIS
7.5t c1 Driver Installer
Permanent · CAMBRIDGE
FRASERS GROUP
Marketing Executive - Sports Directory
Permanent · DARTFORD
FRASERS GROUP
Lead Creative Designer - Sports Directory
Permanent · DARTFORD
SPORTS DIRECT
Loss Prevention Supervisor-Sports Direct
Permanent · LEICESTER
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LONDON
NEW LOOK
Buyers Administration Assistant - Level 2
Permanent · LONDON
AESOP
Sales & Training Manager, Wholesale & Travel Retail Emea
Permanent · London
AESOP
Retail Consultants | Aesop Regent Street, London | Part Time And Full Time
Permanent · London
AESOP
Retail Consultant | Aesop Covent Garden, London | Part Time
Permanent · London
VF INTERNATIONAL
Warehouse Team Leader
Permanent · COALVILLE
SHISEIDO
Senior Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
SHISEIDO
CRM Coordinator
Permanent · London
MULBERRY
PA to Global Marketing Director
Permanent · LONDON
MULBERRY
Commercial Finance Analyst (Part-Qualified)
Permanent · LONDON
NEXT
Stock Coordinator - Oxford Westgate
Permanent · OXFORD
NEXT
Sales Coordinator - Surrey Quays Concession
Permanent · LONDON
Ads
Published
Jan 2, 2023
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Matalan lenders could win auction - report

Published
Jan 2, 2023

A news report has suggested that a group Matalan’s biggest lenders are close to a win in the auction for the business, beating company founder John Hargreaves who has teamed up with Elliott Advisors on his own bid.


Matalan



Sky News also said that the senior lenders are also talking to interim CEO Nigel Oddy about possibly making his role permanent.

However, none of the parties involved have commented on the accuracy of the report.

It’s claimed that the lenders — which include Invesco and Man GLG — could reach a deal “within the next fortnight” and are prepared to inject as much as £100 million of new funding into the business.

Matalan has said that several bids have been received and that it’s assessing them with “constructive discussions continuing with interested parties and their advisers”.

It has also said that all transactions under consideration provide for a material reduction of Matalan's debt.

The company was founded by Hargreaves in 1985 and is approaching a major deadline for refinancing £350 million in debt.

The Liverpool-based business has 230 UK stores and 50 overseas franchise stores, plus an e-tail operation. It employs more than 11,000 people.

Copyright © 2023 FashionNetwork.com All rights reserved.