Barclays and Bank of America have agreed to provide Superdry & Co with a £70 million refinancing deal, reflecting lenders’ trust in the company’s long-term strategy. This financial move marks a key milestone for the business.
The debt includes a £60 million asset-based lending facility lasting until October 2029 and a £10 million trade finance line backed by Barclays and guaranteed by UK Export Finance. These facilities provide the company with a stable financial foundation.
These facilities replace the 2023 arrangements with Bantry Bay Capital and Hilco Capital that supported the turnaround phase. The company’s previous financing arrangements were focused on stabilizing operations.
After returning to profit in FY25 and improving EBITDA through FY26, the company plans 21 new stores in FY27 and will fund the Bench streetwear label, the UK-Europe launch of Stan Ray, and a long-term Kappa partnership for SS27. They are investing in several key areas to drive growth.
The shift from crisis-era financing to growth-focused capital mirrors the company’s 2023 recovery, where lenders provided bridge funding to stabilize operations. Today’s package reflects confidence that the turnaround has moved into an expansion stage rather than a rescue mode. The company’s financial situation has improved significantly.
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Founder and chief executive Julian Dunkerton said, “We have done the hard work of fixing our foundations. The refinancing gives us the backing to focus on what matters most: growth, building Superdry & Co’s brand portfolio, strengthening our international presence, and opening new stores in the right locations.” Julian Dunkerton emphasized the importance of this refinancing package for the company’s future plans.
Chief financial officer Nic Shaw added, “This refinancing puts the group on a firmer financial footing and gives us the headroom to invest behind our strategic plans.” Nic Shaw highlighted the positive impact of the refinancing on the company’s financial situation.
Earlier this week the company announced a significant reinvestment at Harlequin Watford Shopping Centre, moving to a 5,549-sq-ft unit on the Upper Mall in December alongside Marks & Spencer, Levi’s and White Stuff. They are relocating to a larger unit in a prime location.
In September the company rolled out its refreshed retail concept at Derbion Shopping Centre in Derby, signing a 10-year lease for a 3,576-sq-ft store, following the June 2026 opening of its first UK outlet in Caledonia Park, Scotland. The company has been actively expanding its retail presence in recent months.