‘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’s shares plunge 16.5 per cent as retailer downgrades guidance amid £17.7m of losses January 27, 2023 Superdry’s shares plunged 16.5 per cent this morning after the retailer downgraded its-full year guidance amid soaring losses. Instead of a profit of between £10m and £20m Superdry expects to break even, after losses soared to £17.7m in the first half of its 2023 financial year. This is a £21.7m decrease when compared to a [...]
Number of takeovers and mergers halved in 2022 but ‘bargain basement prices’ to turn tide in 2023 December 27, 2022 The number of big takeovers and mergers involving UK-listed companies nearly halved this year as investors were deterred by market volatility, political instability and recession fears. But the tide is set to turn in 2023, with buyers eyeing up quality British companies trading at “bargain prices”, experts said. There were 49 bids for London-listed firms [...]
Superdry founder debating potential take-private buyout December 11, 2022 Fashion tycoon Julian Dunkerton is mulling a potential buyout of Superdry, reportedly holding talks with private equity firms. It comes as the London-listed retailer has seen its share price plummet 60 per cent in the past year to date. Dunkerton founded the brand in 1985 and now owns 23.9 per cent of the £86m valued [...]
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 [...]
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 [...]
Superdry back in the black after pandemic-induced loss October 7, 2022 Superdry is back in the black with a profit before tax of £22m, recording from a loss of £12.6m last year. The British clothing giant’s statutory profit was up to £18m following a loss of £36.7m last year, while its revenue was up almost 10 per cent to £609.6m, from April 2021 until 2022. Buoyed [...]
Former M&S CFO Helen Weir named new chair of National Express September 8, 2022 Former M&S CFO Helen Weir has been named the new Independent Non-Executive Director and Chair Designate of National Express.
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 [...]
City Moves: Who’s switching jobs in the Square Mile? May 26, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Vue International Cinema operator Vue International has poached its new chief operating officer (COO) from fashion retailer Urban Outfitters. Claire Arksey, who has previously held senior operational roles at Superdry, Reiss and Ted Baker, oversaw nearly 270 stores [...]