(qlmbusinessnews.com via uk.reuters.com — Tue, 2nd May, 2023) London, UK —
Struggling British fashion brand Superdry (SDRY.L) is in “positive” talks with investors regarding an equity raise of up to 20%, it said on Tuesday.
Responding to a media report it planned to raise about 15 million pounds ($18.7 million), Superdry said founder and CEO Julian Dunkerton plans to participate in the equity raise and provide a material underwriting commitment.
Shares in Superdry have fallen 33% so far this year.
Reporting by James Davey; Editing by Kate Holton
