Superdry: Shares tank as Dunkerton granted extension on takeover bid March 1, 2024 Shares in Superdry are down over nine per cent following an announcement it has extended a deadline for its founder and chief Julian Dunkerton to make a solid offer to take the company private.
Superdry founder in talks with US private equity firm for rescue bid February 19, 2024 The founder of Superdry, Julian Dunkerton, is reportedly in talks with US investor Davidson Kempner to rescue the ailing fashion retailer.
The Body Shop prepares to slash jobs and close stores as administration confirmed February 13, 2024 Hundreds of jobs are expected to be lost and stores closed as The Body Shop officially entered administration.
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 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 [...]
January sales fail to impress shoppers as London footfall disappoints February 2, 2024 January was another disappointing month for London retailers as shoppers steered clear of the high street. A new report by the British Retail Consortium (BRC) showed footfall across the capital declined by 1.7 per cent at the start of the month. This has widened from a fall of 1.4 per cent recorded in December. With [...]
AG Barr: Former cruise chief takes the reins at UK fizzy drinks giant February 1, 2024 The former chief of over 50 insurance provider Saga has been appointed as the boss of AG Barr, the drinks giant behind the production of Irn Bru.
Superdry restructure could mean store closures and job losses January 29, 2024 Embattled British retailer Superdry is plotting a major restructuring which could see stores closed and jobs cuts after reporting weak sales.
Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023 January 29, 2024 In the final quarter of last year, listed companies issued 77 profit warnings according to EY's profit warnings monitor.
Superdry: Losses widen, CFO quits and boss admits a ‘difficult’ period January 26, 2024 Embattled retailer Superdry posted further losses in its half year update, blaming a challenging retail market and underperformance of its wholesale segment.