In a recent regulatory announcement by Superdry, the founder and chief executive officer of the brand, Julian Dunkerton, clarified that the company has “no plans” to go private at this moment.
The announcement further mentioned that Dunkerton could make or participate in an offer for Superdry within the next six months following this, but with agreement of the company board.
This speculation started making rounds weeks before Superdry secured an GBP80m (US$96.5m) loan ahead of its expiry in January 2023. The company had been negotiating with Bantry Bay Capital Limited, the specialist lending provider, to replace the existing up to GBP70m asset-backed lending facility.
Shares of Superdry were up +6.70 (5.69%) today since the announcement.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData