Floundering Hot Tuna up for sale

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The Independent Online

Hot Tuna, the beleaguered surf-wear group, has been forced to put the company's assets and eponymous brand up for sale after admitting it would be "difficult" to raise new investment from shareholders. But the company, which has wholesale and online operations in seven countries, including Australia and the UK, said its losses for the year to 30 June will be below previous guidance. Shares in Hot Tuna fell by 0.01p, or 13 per cent, to 0.07p.