Superdry boss takes swipe at Black Friday as he launches brand revamp December 12, 2019 Superdry boss Julian Dunkerton today blasted the “madness” of blanket Black Friday discounting, vowing to reduce his company’s reliance on the sales bonanza next year. Dunkerton, who founded the struggling fashion chain in 2003, took a swipe at his rivals’ practice of slashing prices on their core ranges. Read more: Superdry swings to a £4.2m [...]
Superdry swings to £4.2m loss as Dunkerton hits reset button December 12, 2019 Superdry’s swung to a £4.2m loss in its first half-year results under co-founder Julian Dunkerton since his return to the helm, the firm revealed today. Read more: Saga appoints ex-Superdry boss Euan Sutherland as new CEO The figures Superdry witnessed underlying profits implode as they sank 98.4 per cent year on year to just £200,000 [...]
SoftBank-backed AI startup Peak raises $75m in second funding round in six months August 31, 2021 Manchester-based Artificial Intelligence (AI) provider Peak will expand into new global markets after raising $75m in its latest funding round, led by SoftBank’s $100bn Vision Fund Two. Peak AI, which sells its “decision intelligence” enterprise software platform to non-tech companies to help with their operations, plans to use the latest raise to double its workforce [...]
Julian Dunkerton to stay on as Superdry CEO until April 2021 October 14, 2019 British fashion brand Superdry has said co-founder Julian Dunkerton will stay on as chief executive officer until April 2021. Dunkerton has been interim CEO since April this year, after very narrowly winning a crunch shareholder vote with a pledge to turn the struggling retailer around. In July Superdry fell to a £85.4m loss, from a [...]
Investors back Julian Dunkerton’s Superdry turnaround plan September 11, 2019 Investors voted to re-elect Superdry interim chief executive Julian Dunkerton, showing confidence in the co-founder’s plan to set the struggling retailer back on track. Shareholders backed Dunkerton’s reappointment by 99.97 per cent at the firm’s annual general meeting today following his dramatic return to the company in April. Read more: Superdry completes board line-up after [...]
Derwent’s Baker Street project enters next phase as rent collection picks up May 6, 2021 Derwent London’s ambitious mixed-use Baker Street project entered the next phase as construction firm Erith won the contract on the scheme. Erith beat other companies to the £3m deal, which will involve knocking down existing buildings on Baker Street, George Street and Blandford Street. The news comes as the property giant presented its first quarter [...]
Yougov acquires open banking start-up Lean App April 26, 2021 Data analytics firm Yougov has acquired open banking start-up Lean App to help improve its services with financial transaction data. Lean App has been acquired by Yougov on a three year earn-out, tied to enriching and expanding the research company’s data in the UK and the US. Lean App’s founders – Luke Dugdale, Tom Stuart, [...]
Superdry completes board line-up after exodus July 26, 2019 Superdry has filled the final two board positions left vacant after the reappointment of founder Julian Dunkerton sparked a mass exodus earlier this year. The retailer announced today that Georgina Harvey, who sits on the board of William Hill, McColls Retail Group and Big Yellow, has been appointed non-executive director and will chair the firm’s [...]
Next raises profit outlook on strong winter sales May 6, 2021 Next has raised its profit outlook for the second time in two months as the high street retailer reported stronger than expected sales for the winter period. The group raised its pre-tax profit guidance for the year to £720m, up from £700m forecast in April. Shares jumped 0.9 per cent to 8,200p at market open. [...]
Superdry delays results after issuing profit warning June 27, 2019 Struggling retailer Superdry has delayed the publication of its full-year results after issuing a profit warning and undergoing recent management changes. The company’s results will be released on 10 July, six days later than originally planned due to the “complexity” of lease and store impairment charges in the accounts. Read more: Superdry appoints interim finance [...]