Superdry shares rise as founder holds talks with US investor
New York investment management firm Davidson Kempner is in discussions with Superdry co-founder and chief Julian Dunkerton.
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Your support makes all the difference.Shares in Superdry shot higher on Tuesday morning amid reports a US investor is in talks about a deal to buy the troubled fashion chain.
New York investment management firm Davidson Kempner is in discussions with Superdry co-founder and chief Julian Dunkerton over potentially backing a deal to take the brand private, according to Sky News.
It is understood that talks are at a preliminary stage and there is no guarantee of an agreement between the parties.
Superdry declined to comment on the reports.
The business, which employs around 3,350 globally, runs 216 shops alongside franchised stores.
It comes almost a month after the retail business said it is looking at various “cost-saving options” after reports it is considering a major restructuring which could include store closures and job cuts.
The group is working with advisers at PwC to assess options to secure the future of the business.
It confirmed days later than Mr Dunkerton – who co-founded the business in 2003 – was in talks over a possible takeover deal.
Superdry said Mr Dunkerton, who owns over a quarter of the business, was “engaged in discussions with potential financing partners”.
The co-founder has also reportedly held initial talks with fellow investment firms Rcapital and Gordon Brothers over possible deals.
Superdry shares were 14.7% higher on Tuesday morning.