Hunter Boots secures multi-million pound lifeline from Goldman Sachs backed fund
Upmarket Hunter Boots has secured a £18.5 million lifeline from investors, including a Goldman Sachs backed fund called Pall Mall Legacy.
The deals, which was confirmed today, sees minority shareholder Pall Mall Legacy, a minority investor, become the company's controlling shareholder. Pall Mall is backed by US giant Goldman.
Hunter is a favourite among celebrities like Kate Moss as well as those who enjoy country sports like shooting and fishing.
Gordon McCallum, Chairman of Hunter, said: "While the retail sector across the globe faces huge challenges presented by the Covid-19 pandemic, we are extremely fortunate to have the support of our stakeholders, enabling us to successfully strengthen our balance sheet.
"This will ensure that we are able to withstand the current market downturn and emerge even stronger, to grow the iconic and much-loved Hunter brand over the long term."