Superdry confirms fundraising efforts

2nd May 2023 | Jack Oliver

Struggling clothing retailer Superdry has responded to press speculation with a confirmation that is undergoing discussions with investors with regards to a proposed equity fundraising.

The fundraising is worth circa 20% of the company’s issued share capital, with Superdry confirming that its founder and CEO Julian Dunkerton intends to “significantly participate” in the equity raise and will provide a material underwriting commitment.

The retailer said this reflected his “confidence in the long-term prospects of the business”.

Superdry called in advisers in March after multiple profit warnings, and withdrew its profit guidance for its 2023 financial year in April after a period of slower-than-anticipated growth.


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