// Hunter is currently in talks to secure new funding just three years after it secured a £16.5 million rescue deal
// The boots retailer has brought in AlixPartners with the hopes of securing a deal in the coming weeks
Hunter Boot has begun working with advisory firm AlixPartners in a race to find new financial backers.
The footwear retailer is understood to have brought in the advisors to run an accelerated sale process with the hope of securing a deal in the coming weeks, Sky News reports.
It is unclear on the amount of funding the retailer is currently seeking.
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Hunter Boot was hit hard by a significant drop in sales over the pandemic due to the cancellation of music festivals.
However, it showed early signs of recovery as it narrowed losses by 62% for the year to 1 January 2022.
The search for new funding comes after three years since it secured a £16.5m capital injection rescue deal
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