Activist investor Clinton Group has said it is looking at financing options for a possible acquisition of US women's apparel retailer Wet Seal.

In a filing to the US Securities and Exchange Commission yesterday (18 December), Clinton, the firm's second-largest shareholder, said it was "exploring financing alternatives" in order to make an offer to purchase the company in a "going private" transaction.

Earlier this month, Wet Seal saw its third-quarter net losses widen, resulting in the group offering a cautious outlook for the remainder of the year.

Net losses totalled US$14.9m, while sales fell 5.7%.

According to the filing, Clinton Group currently holds an 8.1% stake in Wet Seal.