Superdry has announced it will delist from the London Stock Exchange in a huge restructuring aimed at turning the fashion retailer’s fortunes around.
It said it would be forced to enter into administration if it did not go ahead with the plans.
Julian Dunkerton, Superdry’s chief executive and co-founder, said the announcement marked a “critical moment” in the company’s history.
As part of the plans, the company is also looking to raise up to 10m through the sale of new shares, known as an equity raise.
Superdry said it wanted to delist from the London markets so it could carry out the restructuring “away from the heightened exposure of public markets”.
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The fashion brand, known for its coats a…
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