Hunkemöller‘s new owner, Redwood Capital Management, has injected seventy million euros to get the lingerie chain back on track after some severe cash flow problems. However, the takeover itself is still subject of a court case.
Just to stay afloat
The capital injection was instrumental in Redwood’s acquisition of Hunkemöller in March, according to documents from a court in the United States, Dutch newspaper Financieele Dagblad reports. At the beginning of this year, the lingerie chain was struggling with acute cash flow problems due to rising costs and falling consumer spending.
