Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]
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 [...]
Superdry boss: “I’m the right man for the job” September 3, 2023 “Would this company be here if I hadn’t come back? I don’t think it would," the Superdry founder has said in an interview
Superdry shares suspended after audit delays August 30, 2023 Fashion business Superdry has had its shares suspended after delays to publishing its latest financial results.
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 [...]
UK profit warnings hit highest yearly level since 2008, outside of pandemic July 19, 2023 The proportion of UK-listed companies that issued profit warnings in the past year was higher than any year since 2008, outside of the pandemic, according to new analysis. It comes as higher borrowing costs and a tougher sales environment have weighed heavily on businesses. Companies listed on the London Stock Exchange issued 66 profit warnings [...]
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 [...]
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% [...]
FTSE 100 live: London markets make small gains with retailers in focus as sterling stays strong April 14, 2023 Markets opened marginally higher on Friday with a mixed performance from retailers while the pound continued to strengthen as investors increasingly expect the Fed to start cutting rates across the pond. The FTSE 100 opened 0.20 per cent higher at 7,859.58, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
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 [...]