US hedge fund to refinance Superdry with £70m package November 27, 2022 US hedge fund Elliott Advisors is set to refinance Superdry with a £70m funding as the clothing company is due to repay its debts early next year. Advised by PwC, Superdry is in talks with Bantry Bay – a London-based fund backed by Elliott – to ensure the new asset-backed lending facility before the January [...]
‘No plans to do this at the moment’: Superdry boss plays down bid to go private February 2, 2023 Superdry’s chief executive Julian Dunkerton has reassured investors he has “no plans to do this at the moment”. The CEO said he was reserving the right to participate in an offer, were it to materialise within the next six months. The comments come after reports emerged in early December that Dunkerton was mulling a potential buyout, [...]
Superdry: Plans to raise equity boost share price as it attempts to trim £35m costs May 2, 2023 Embattled fashion brand Superdry is in “positive discussions” with investors for a 20 per cent equity raise as it looks to improve its balance sheet in the wake of tough trading – hiking its share price by 0.58 per cent. The news came in response to media speculation that Julian Dunkerton, chief of the company, was [...]
Superdry confirms £70m loan talks with Bantry Bay ahead of repaying debts November 28, 2022 Fashion retailer Superdry has confirmed weekend reports that it is requesting £70m from London hedge fund Bantry Bay. Superdry is set to pay its debts early next year and has sought a new asset-backed lending facility before its January deadline. “Superdry plc acknowledges recent press speculation about its previously announced refinancing process and confirms that [...]
Superdry share price up three per cent after sale of Asian Pacific IP for £40m March 22, 2023 Struggling fashion brand Superdry has sold the intellectual property of its Asia Pacific offering to South Korean retail group Cowell Fashion Company for $50m (£40m) in a bid to boost funds. The deal will see Cowell own and sell the Superdry in the Asian market starting with its home market of South Korea and then [...]
Profits Superdry up and share price plunges as retailer plans to cut costs by £35m and fundraise out of a hole April 14, 2023 Fashion chain Superdry has warned over its profits and revealed plans to cut costs by more than £35 million after struggling against dampened consumer spending. The retailer said it was considering a fundraise in a bid to shore up cash to help it “emerge from the current turbulence”. Its share price plunged by around 18% [...]
Superdry designer gets £96k payout in age discrimination claim July 5, 2022 Superdry designer Rachel Sunderland won nearly £100,000 in damages for her age discrimination claim against the high-street clothing brand after she was deemed too old to quit regardless of how she was treated. Sunderland, who is in her fifties and boasts more than 30 years’ design experience, argued that she was repeatedly overlooked for promotion [...]
Superdry revenue increases after customers flock back to stores May 12, 2022 UK clothing company Superdry has posted an 8 per cent increase in group revenue after customers returned to the stores post-Covid. In the 12 months ended 23 April, Superdry’s revenue increased to £600m, driven by a 59.8 per cent growth in store revenue. Proceedings derived by Superdry’s e-commerce business, on the other hand, went down [...]
Superdry cuts its losses despite tumbling revenues January 20, 2022 Revenues at fashion brand Superdry have dropped on a one-year and two-year basis, but losses are also down at the retailer.
Superdry ‘recovering well’ from pandemic disruption November 4, 2021 Fashion firm Superdry said it is “recovering well” from the side effects of the coronavirus pandemic. In a trading update for the eight weeks to October 23, it said trading had improved. It attributed most of its recent improvement to e-commerce sales, which were up 6.6 per cent compared to 2019, pre-Covid. It also saw [...]