Superdry restructures to cut rents as co-founder leads fundraising
Julian Dunkerton decided against takeover offer and company will quit London Stock ExchangeBusiness live – latest updatesSuperdry is to embark on a restructuring plan including rent reductions in stores and a fundraising, backed by its boss and co-founder Julian Dunkerton, and will quit the London Stock Exchange.Trading in the company’s shares was halted on Tuesday morning after they fell 25% to just over 5p, a record low, valuingit at about £6m. At its peak in early 2018, Superdry was worth £1.7bn. Continue reading...
Julian Dunkerton decided against takeover offer and company will quit London Stock Exchange
Superdry is to embark on a restructuring plan including rent reductions in stores and a fundraising, backed by its boss and co-founder Julian Dunkerton, and will quit the London Stock Exchange.
Trading in the company’s shares was halted on Tuesday morning after they fell 25% to just over 5p, a record low, valuingit at about £6m. At its peak in early 2018, Superdry was worth £1.7bn. Continue reading...
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