// Ted Baker owner Authentic Brands Group has expressed an interest in a deal with Hunter
// Hunter is set to be auctioned after it secured a £5m cash injection from its shareholders
The owner of Ted Baker and Reebok is among the interested bidders eyeing a takeover of footwear brand Hunter.
Authentic Brands Group (ABG) has expressed an interest in a deal with Hunter, although it is uncertain how serious ABG was about a takeover of the retailer.
Hunter is set to be auctioned after it secured a £5m cash injection from its shareholders and a further £2m from lenders.
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The company is currently working with advisers at AlixPartners on the auction, Sky News reported.
Hunter was last saved in 2020 through a £16.5m capital injection, part of which came from Pall Mall Legacy, a fund backed by existing shareholder Goldman Sachs and Three Hills Capital Partners.
Pall Mall Legacy owns the majority of Hunter’s shares, with Searchlight Capital Partners, a private equity firm, and Pentland Group, the sportswear firm behind companies such as Speedo, holding the remainder.
