28-03-2024 18:48 via retailgazette.co.uk

Superdry founder Dunkerton walks away from takeover deal

Superdry founder Julian Dunkerton will not make an offer for the retailer despite attempting to raise funds for a take-private deal.
However, the fashion chain remains in discussions with Dunkerton regarding alternative structures, including a possible equity raise fully underwritten by the Superdry founder, which it said would provide additional liquidity headroom for its turnaround plan.
It is expected that any equity raise would be at “a very material discount” to the current shar
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