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Julian Dunkerton - 1 Dunkerton - 1 Superdry - 1
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3 mentions found


☆ Superdry shares soar more than 100% as company considers going private
  + stars: | 2024-02-02 | by ( Elliot Smith | ) www.cnbc.com   time to read: +1 min
LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and CEO Julian Dunkerton is considering taking it private. The stock peaked at 48.55 pence per share shortly before 11 a.m. London time and was last trading at around 46p per share. A recent slump in sales and a falling share price have led to speculation that Superdry, which listed on the London Stock Exchange in March 2010, may become a takeover target. The company confirmed in a market update on Friday that Dunkerton had requested "permission to begin exploring the possibility of making an offer for the company," and to begin talks with potential financial backers, which the business accepted. Dunkerton has until March 1 to submit an offer or walk away under the U.K. Takeover Panel's regulations.
Persons: Julian Dunkerton, Dunkerton, Superdry Organizations: London Stock Exchange, Company Locations: British, London, Norwegian
☆ Britain's Superdry considering 20% equity raise
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +1 min
LONDON, April 14 (Reuters) - Struggling British fashion brand Superdry (SDRY.L) said on Friday a potential equity raise of up to 20% backed by founder and CEO Julian Dunkerton was among funding options being considered. The group, whose shares have fallen 37% over the last year, also withdrew its profit guidance of "broadly breakeven" for its current year and is now forecasting revenue in the range of 615 million pounds to 635 million pounds ($771-$796 million). Superdry, which had warned on profit in January, said retail sales in February and March, did not meet its expectations. Superdry also said it has also identified cost savings of over 35 million pounds. "My belief in the Superdry brand is stronger than ever which is why I’m prepared to provide material support to any equity raise undertaken," he added.
☆ UK's Superdry positive on second half as jacket sales surge to record
  + stars: | 2022-12-22 | by ( ) www.reuters.com   time to read: +1 min
Dec 22 (Reuters) - Britain's Superdry (SDRY.L) on Thursday signalled a strong start to the second half as online jacket sales hit a record high amid the Black Friday shopping spree and a recent spell of colder weather, sending its shares about 17% higher. The fashion retailer also reported first-half revenue growth of 3.6%, but struck a cautious note on outlook as the sector steers through rising expenses and a worsening cost-of-living crisis in the UK. "We are under no illusions that consumer confidence is fragile and that the picture is unlikely to change quickly," said Superdry Chief Executive Officer Julian Dunkerton. Superdry, best known for its sweatshirts, hoodies and jackets, said margin dilution stood at more than 200 basis points during the first half. The company also said it had agreed to a loan facility of up to 80 million pounds ($96.14 million) for three years with lender Bantry Bay Capital Ltd.($1 = 0.8321 pounds)Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
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