Superdry Co-founder ends takeover talks for troubled retail brand ...Middle East

LONDON: British fashion retailer Superdry has said its founder will not lead a takeover of the troubled brand as it increased and extended a loan, reported PA Media-dpa.Last month, the retail chain revealed talks between co-founder and chief executive Julian Dunkerton and US investor suitors over a possible takeover deal.But on Thursday, Dunkerton – who is also Superdry’s largest shareholder – said he had dropped plans for a potential deal.The boss and the group’s transaction committee said they “concluded that a takeover offer from Julian Dunkerton for the company is unlikely to deliver an outcome for shareholders” amid the work taking place to turn around the business.It stressed that he w

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Last updated : 29 March 2024 clock 07:57 AM

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Superdry Co-founder ends takeover talks for troubled retail brand ...Middle East

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