Hunter Boot, which became associated with celebrities, is working with advisers at AlixPartners on plans to secure new financial backers, Sky News learns.
Hunter Boot, the royal warrant-holding footwear brand, is on the march towards a fresh injection of funding nearly three years after it was rescued from the brink of oblivion.
Sky News understands that the owners of Hunter, whose boots have frequently been spotted on the feet of festival-going celebrities, have begun working with advisers on plans to secure new capital. City sources said the company was using AlixPartners to run an accelerated sale process with the objective of securing a deal in the coming weeks.Hunter, which was founded in 1856 as the North British Rubber Company, is understood to have seen a post-COVID rebound in sales, with revenue in China accounting for a chunk of that recent growth.
The company was saved in 2020 through a £16.5m capital injection, part of which came from Pall Mall Legacy, a fund backed by Goldman Sachs and Three Hills Capital Partners, an existing shareholder. Pall Mall Legacy owns the majority of Hunter's shares, with Searchlight Capital Partners, a private equity firm, and Pentland Group, the sportswear giant behind brands such as Speedo, holding the remainder.
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