Superdry targets £12m in share sale

// Superdry looks to raise £12m via share sale
// The struggling retailer’s CEO has agreed to underwrite the equity raise in its entiretySuperdry is to sell £12m worth of shares in a bid to strengthen its balance sheet as it pursues a turnaround plan.
The struggling fashion retailer will issue 15.7m new ordinary shares at 76.3p each, equating to 19.1% of its equity.
Co-founder and chief executive Julian Dunkerton, who owns a 25% stake in the business, has agreed to underwr