FASHION RETAIL NEWS UK
Superdry is launching a restructuring plan as it looks to ensure the survival of the struggling fashion business.
This will include an equity raise, slashing rents on some of its stores and delisting from the London Stock Exchange.
It follows Superdrys previous announcement that it has been exploring various cost saving options as part of a broader turnaround plan.
In a statement today, Superdry said the equity raise will be fully supported by its chief executive and founder Julian Dunkerton and will allow the company to benefit from significant cost savings associated with being listed and implement its turnaround plan away from the heightened exposure of public markets.
Once co…
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