Superdry founder Dunkerton calls for investor support amid plan to ‘supercharge’ firm March 14, 2019 Exiled Superdry founder Julian Dunkerton has written to shareholders urging them to vote him back onto the board as he outlined a plan to “supercharge” the company. Dunkerton, who left the firm in March last year, pledged to return the company to revenue growth, restore double-digit earnings margins and rebuild profitability within three years if he [...]
Superdry points finger at warm weather for cooling winter sales February 7, 2019 Superdry suffered a dip in sales over the crucial Christmas trading period, citing unseasonably warm weather for a fall in demand for the fashion group’s flagship Japanese winter hoodies. The British fashion group, which has seen its shares crash 70 per cent in the last 12 months, said its performance in the three months to [...]
Ex-Superdry boss Dunkerton calls shareholder meeting in bid to return to board March 1, 2019 A power struggle at the top of Superdry looks set to intensify as Julian Dunkerton, the founder and former chief of the troubled designer, has requisitioned a shareholder meeting in a bid to muscle back on to the firm’s board. Dunkerton, who is still an 18.4 per cent shareholder, left the business a year ago because [...]
Superdry founder ramps up pressure on board after saying he has City backing March 26, 2019 Superdry co-founder Julian Dunkerton insists he has the backing of key City investors for his audacious bid to reinstall himself on the board of the troubled fashion chain he left last year, striking a defiant tone in the face of recent opposition from a leading shareholder advisory group. "We’ve had a very positive response from [...]
Superdry to cut jobs at head office amid £50m cost-cutting plan March 5, 2019 Under-pressure fashion group Superdry has confirmed today that it is to slash jobs at its head office as part of a major cost-cutting plan. More than 100 jobs are facing the axe, predominantly at the firm’s headquarters in Cheltenham, in the wake of the company's announcement late last year that it is looking to save [...]
Superdry co-founder Julian Dunkerton ‘disappointed’ after shareholder advisory opposes motion to rejoin the board March 20, 2019 Superdry co-founder and former chief executive Julian Dunkerton said he was "disappointed" after an influential shareholder advisory firm recommended that investors block his reinstatement to the board. Last night it emerged that Institutional Shareholder Services (ISS) had warned investors that Dunkerton was partly to blame for the issues facing the struggling brand. Read more: Shareholder adviser opposes [...]
Superdry blames warm weather on crashing profits December 12, 2018 Superdry's shares have crashed more than 34 per cent in trading today, after the retailer blamed “unseasonably warm weather” for a lull in sales that resulted in a 49 per cent fall in half-year profits. The group warned that profits for the full-year are now projected to come in at £55-70m, falling below analyst expectations of roughly £84m. The [...]
Superdry braced for clash with founder Julian Dunkerton as third quarter results loom February 3, 2019 Superdry is gearing up for a clash with former boss Julian Dunkerton if it fails to impress investors with its third quarter results later this week. The fashion retailer is braced for further dispute with co-founder Dunkerton, who has been campaigning to return to the company amid a series of profit warnings and a sharp [...]
Former Superdry boss could call shareholder meeting to force return January 20, 2019 Former Superdry boss Julian Dunkerton has said he will call an extraordinary general meeting of the company’s shareholders in the next four weeks in a bid to return to the company. Dunkerton, who co-founded the business, has been campaigning to return to the company, after a string of profit warnings and a calamitous drop in [...]
Superdry up as board faces potential battle with founder Dunkerton December 27, 2018 Superdry gained eight per cent today as a battle is brewing for the future of the company. The shares rose by 34p to 460p by early afternoon, making the company the fastest riser on the London Stock Exchange today. The rise on the markets comes after it was reported at the weekend that Julian Dunkerton [...]