Superdry's full-year figures were bad, as expected, but the company said its "reset year" is starting to yield results as its shifts from a buyer-led approach, boosts web sales, increases marketing and reinvents itself.
Superdry co-founder Julian Dunkerton needed 50% shareholder support to get back onto the struggling retailer's board and he has won his battle, getting 51.15% of the votes. The exec team has quit and he's now CEO.
Superdry co-founder Julian Dunkerton’s claim that he’s winning City support for his comeback bid seemed to have some justification on Monday as it was revealed that two large shareholders are backing his move.
Superdry's co-founder is stepping down from the company and will focus on charity in the future, also making a big donation to boost biodiversity. His product and brand role will be shared among the creative team.
The founders of British fashion retailer SuperGroup, owner of Superdry, have launched an incentive plan that would see them share their wealth with the firm's 4,500 employees - if its share price rises significantly.