Superdry shareholders approve rescue plan

Superdry shareholders have voted in favour of the fashion retailer’s rescue proposals, which it said means it will now avoid insolvency.
Shareholders have green lit the retailer’s plans for a £10m equity raise, which will be underwritten by founder Julian Dunkerton, and a delisting from the London Stock Exchange.
It said investors had opted to implement the placing, which “provides greater comfort that the company will have sufficient liquidity headroom to implement its t