Superdry’s shares plunge 16.5 per cent as retailer downgrades guidance amid £17.7m of losses January 27, 2023 Superdry’s shares plunged 16.5 per cent this morning after the retailer downgraded its-full year guidance amid soaring losses. Instead of a profit of between £10m and £20m Superdry expects to break even, after losses soared to £17.7m in the first half of its 2023 financial year. This is a £21.7m decrease when compared to a [...]
Superdry to delist from London Stock Exchange in latest effort to stay afloat April 16, 2024 Embattled fashion brand Superdry has said it will delist from the London Stock Exchange as part of a restructuring plan to keep the company alive.
Troubled Superdry to launch steep rent cuts in latest efforts to stay afloat April 15, 2024 Embattled Superdry will publish a restructuring plan over the coming days which will entail steep rent cuts across a large number of its 94 stores.
Superdry fashion boss banned from road over drink-driving August 14, 2023 A co-founder of clothing firm Superdry has been banned from the roads after admitting drink-driving. James Holder, 51, was twice the drink-drive limit on July 28 when he was stopped in his Range Rover by police in Snowshill Road, Broadway, Worcestershire. Cheltenham Magistrates’ Court heard that a roadside breath test recorded a reading of 72mg [...]
Superdry sells South Asian IP to Indian retail giant for £40m October 4, 2023 Struggling fashion retailer Superdry has signed a joint venture with Reliance Brands Holding UK Ltd (RBUK) for the sale of its intellectual property in South Asia, in its latest bid to boost funds. As part of the £40m deal, RBUK and Superdry will own 76 per cent and 24 per cent of the joint venture [...]
Retail: Insolvencies expected to ‘uptick’ as market consolidates amid Superdry and Ted Baker trouble February 12, 2024 Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in insolvencies”. According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting [...]
Superdry drafts in PwC to help with debt after profit warning and sales slump January 16, 2024 Superdry has drafted in advisors to help explore its debt-raising options, following a profit-warning posted last month by the firm.
Superdry founder debating potential take-private buyout December 11, 2022 Fashion tycoon Julian Dunkerton is mulling a potential buyout of Superdry, reportedly holding talks with private equity firms. It comes as the London-listed retailer has seen its share price plummet 60 per cent in the past year to date. Dunkerton founded the brand in 1985 and now owns 23.9 per cent of the £86m valued [...]
Superdry share price soars over 100 per cent as Julian Dunkerton mulls takeover February 2, 2024 Superdry shares soared over 100 per cent this morning after boss and co-founder Julian Dunkerton revealed he is in talks over a possible takeover deal to rescue the troubled fashion brand. The firm told investors this morning Dunkerton is “engaged in discussions with potential financing partners” over a possible takeover offer for the business”. “These [...]
Superdry back in the black after pandemic-induced loss October 7, 2022 Superdry is back in the black with a profit before tax of £22m, recording from a loss of £12.6m last year. The British clothing giant’s statutory profit was up to £18m following a loss of £36.7m last year, while its revenue was up almost 10 per cent to £609.6m, from April 2021 until 2022. Buoyed [...]