Adnams has appointed a group of City advisors to help it with fundraising as it looks to safeguard its future.
The company is working with Alvarez & Marsal, who are explore fundraising options. These could include an injection of capital or the sale of freehold pubs.
Adnams wants to pay down bank debt and fund growth initiatives, according to reports.
That such a large concern is taking on financial advisors will send shockwaves through the industry, although a spokesperson has said that improved trading conditions at the start of this year could ease the situation.
Adnams was founded in 1890, and the founding family remains its largest sharholder.
