Hedge funds fight over one of Europe’s largest lingerie brands

Hedge funds fight over one of Europe’s largest lingerie brands

Dispute over control of Dutch retailer Hunkemöller is latest example of so-called creditor-on-creditor violence in Europe

Hedge funds do battle over Hunkemöller debt in latest creditor clash

Distressed debt specialist Redwood Capital and a group of rival hedge funds led by Cheyne Strategic Value Credit are embroiled in a high-stakes battle over the debt of Hunkemöller, one of Europe’s largest lingerie brands, according to a report by the Financial Times. In a dispute that highlights the growing prevalence of US-style creditor-on-creditor conflicts in European markets, Redwood Capital this month seized control of the Dutch retailer t…