Troubled Fashion retailer avoids Administration

Troubled fashion retailer Superdry has received court approval for its restructuring strategy as it looks to avoid administration.
The announcement on Monday comes after the firm’s shareholders on Friday approved a proposed £10m equity raise to help turnaround its finances.
The raise will be underwritten by Superdry’s chief executive Julian Dunkerton and is due to take his total stake to 75 per cent. The majority of Superdry’s creditors, including land