Superdry news and archive

Superdry founder sets out to rebuild exec team as board members exit

Days after Superdry’s exit from the London Stock Exchange and the British brand’s founder Julian Dunkerton has set about rebuilding its executive team following a series of notable departures. It is believed that CEO Dunkerton has started the search for new board members, including a chairman and two independent non-executive directors,...

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Superdry delists from London Stock Exchange

Superdry has announced the cancellation of the listing of its ordinary shares on the London Stock Exchange’s main market. The company said in a stock market statement that the last day of trading in Superdry’s ordinary shares on the main market was July 12, 2024 and the delisting became effective on July 15, 2024. The company’s ordinary shares...

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Superdry restructuring plan gets court approval, appoints tech director

Days after securing approval for its restructuring plan from shareholders, British retailer Superdry has received the green light from the court following a sanction hearing. In the hearing, which took place on June 17, the plan was given the final go ahead needed in order to be carried out, allowing the group to now move forward with its...

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Superdry shareholders approve restructuring plan, opt for equity raise via placing

British retailer Superdry has had its rescue plan approved by shareholders days after creditors pushed forward on the proposal to restructure its UK business. While all of the resolutions put forward in a general meeting held Friday have been approved, the directors opted to carry out the option for a placing, backing the company’s plan for an...

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Superdry receives approval from creditors for restructuring plan

Struggling British retailer Superdry has announced that its creditors have voted in favour of a restructuring plan launched under the wholly-owned subsidiary and retail operator, C-Retail Limited. First outlined in April, the plan, which would have an impact on certain creditors, is centred around carrying out rent reductions among Superdry’s UK...

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Superdry CCO to reportedly exit just months after appointment

Superdry’s chief commercial officer Craig McGregor is understood to be preparing to step down from his position amid an ongoing transformation at the company. McGregor is expected to exit his role in the coming weeks, Drapers initially reported, a move that follows other leadership changes already underway at the struggling retailer. Chief...

Business

Bleckmann takes over logistics for Superdry in the UK

Global logistics service provider Bleckmann is taking over the logistics operations for fashion brand Superdry at ‘The Duke’ site in Burton-on-Trent in the UK, from July 1. The transition will involve 170 employees who will be “seamless transferred” to Bleckmann under the same terms and conditions they are presently working under. The logistic...

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Superdry outlines wider restructuring plan to avoid insolvency, confirms store closures

Superdry is calling on its shareholders to vote for its Capital and Restructuring Measures in a bid to avoid a possible insolvency and allow the company to “return to a more stable footing” while accelerating its turnaround plan. The latest news builds on the plan outlined by the British retailer earlier in April, which centred around the...

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Superdry confirms proposed restructuring plan, possible delisting on horizon

Amid heightened speculation surrounding its future, Superdry has outlined its proposed restructuring strategy as part of the company’s broader ongoing turnaround plan aimed at delivering a more financially sound operating model. The struggling retailer said that C-Retail Limited, a wholly owned subsidiary of the company which owns the leasehold...

ManagementFeatured

Superdry founder exits takeover deal, secures lending facility extension

Julian Dunkerton, the founder of Superdry, has said that he does not intend to make an offer for the struggling British retailer, ultimately bringing its offer period to a close. Dunkerton, together with the company’s transaction committee, concluded that such an move was “unlikely to deliver an outcome for shareholders, or stakeholders more...

Business

Superdry confirms speculation surrounding new lending facilities

British retailer Superdry has confirmed that it is mulling a new lending facility after media reports began circulating regarding the possibility of such a decision. The struggling company, which is also currently in talks to go private, was at the centre of speculation in recent days regarding the possibility of a new 10 million pound loan from...

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Superdry reportedly mulling 10 million pound loan from Hilco

Struggling British retailer Superdry is believed to be mulling a new 10 million pound borrowing facility with lender Hilco as it continues to seek funding amid an ongoing turnaround plan. The company, which is also currently in talks to go private, is said to be looking to borrow 10 million pounds or more from Hilco, while further negotiating an...