Exclusive: Adanola founder considers stake sale

Drapers understands Adanola has appointed advisers at professional services firm PwC to find prospective investors to accelerate its growth plans.
Tom Copeland, partner of corporate finance at PwC, is believed to be leading the sale process. Copeland previously advised Gymshark on its minority stake sale to private equity firm General Atlantic in 2020, which valued the brand at more than £1bn.
Owner and founder Hyrum Cook set up the women's fitness brand in 2015 and it has been on an upwards tra...

Analysis: Fixing fashion retail’s broken balance sheet

From Asos’s Topshop sale to Boohoo Group’s US warehouse closure, Drapers explores what measures retailers are taking to shore up their balance sheet and why.

In tough economic times, a robust balance sheet and cash position is more crucial than ever.

On 11 September, Boohoo Group decided to pull the plug on its US distribution centre a year after it opened as part of a strategy to "reposition the group for sustainable, profitable growth". The company has also put up its £72m London office for sale while it explores options for its £325m debt that is due over the next 18 months.