Drying up: Superdry slips to £85m loss as co-founder Dunkerton vows to ‘steady the ship’ July 10, 2019 Superdry shares plummeted in early morning trading after it slumped to a “disappointing” loss as the troubled retailer fights the ongoing stagnation on the high street. The firm, which suffered a boardroom exodus in April after co-founder Julian Dunkerton won an audacious bid to reinstall himself onto the board, saw shares fall six per cent [...]
Majority of Brits sceptical of Black Friday offers, survey shows November 13, 2020 A huge majority of Brits are sceptical about Black Friday offers, believing many of the discounts are too good to be true, the latest research showed in the run up to the annual sales day. Black Friday has become one of the biggest shopping days of the year, and will be of particular importance to [...]
Superdry board in mass resignation as Dunkerton takes the reins April 2, 2019 Superdry suffered a boardroom exodus tonight after the troubled retailer’s co-founder won an audacious bid to reinstall himself onto the firm’s board. In a shock move this evening, Superdry’s entire board – including its chief executive and chairman – revealed plans to step down after Julian Dunkerton won an investor vote which will see him [...]
The war of words at Superdry should focus investors’ minds March 26, 2019 All eyes are on Theresa May as she mulls the prospect of a third vote on her withdrawal deal, but for City watchers there's another ballot next week that promises fireworks of its own. Julian Dunkerton, founder and former CEO of Superdry is determined to win back a seat on the board. Despite leaving the [...]
Superdry appoints new broker after mass exodus prompted by Dunkerton’s return April 17, 2019 Superdry has appointed Jefferies as its new corporate broker and financial advisor following a mass exodus from the firm after the retailer’s founder was reappointed to the board. Investors narrowly voted in favour of allowing Julian Dunkerton to return to the board earlier this month, prompting the resignations of former brokers UBS and Investec. Read [...]
Julian Dunkerton wins narrow shareholder vote to return to board of Superdry April 2, 2019 Superdry’s co-founder has won an audacious bid to reinstall himself onto the troubled retailer’s board this morning, throwing the future of the group’s directors into doubt. Investors have voted by a narrow majority of 50.75 per cent to allow Julian Dunkerton to return to the company following a long and bitter public battle with the firm’s [...]
Dunkerton lawyers warn Superdry about alleged remarks to shareholders in latest feud April 1, 2019 The bitter boardroom battle at Superdry escalated once again this evening amid reports that co-founder Julian Dunkerton has hired lawyers to warn the company against making allegedly defamatory statements about him to shareholders. According to Sky News Dunkerton, whose audacious attempts to return to the retailer's board will be voted on at a crunch investor meeting tomorrow, has [...]
Superdry urges investors to vote against founder Julian Dunkerton’s return March 11, 2019 Superdry will hold a shareholder meeting on 2 April to vote on the reinstatement of Julian Dunkerton after months of rising tensions between the founder and the board. The fashion retailer confirmed the meeting in a circular sent to shareholders this morning, but urged them to vote against the reappointment of Dunkerton. Read more: Hundreds of [...]
Shareholder advisory firm opposes Superdry co-founder’s bid to return to board March 19, 2019 Influential shareholder advisory firm ISS has recommended Superdry investors vote against co-founder and former chief executive Julian Dunkerton’s reinstatement to the board. ISS also urged shareholders to oppose the appointment of Dunkerton’s ally and Boohoo chairman Peter Williams to the board at a meeting on 2 April. Read more: Superdry ‘supercharged’: Founder unveils bid for [...]
Saga launches £150m raise as former owner returns September 10, 2020 Cruise and insurance firm Saga today launched a £150m capital raise this morning as the company reported a £55.5m loss for the first half of 2020. As part of the deal, former boss Roger de Haan will return to the company his father founded as non-executive chairman. He will invest up to £100m into the [...]