Superdry weighs options over going private as shares soar 90%

Unlock the Editor’s Digest for free

Superdry co-founder and chief executive Julian Dunkerton is exploring the possibility of taking the embattled retailer private and is in discussions with a number of potential financing partners.

“These discussions are at a preliminary stage and no decisions have been made,” Superdry said on Friday, after reports of a potential takeover caused its shares to jump more than 90 per cent in morning trading.

The retailer has battled a cost of living crisis that hit customers’ spending power, reporting in September a pre-tax loss of £78.5mn in the year to the end of April, compared with a £17.6mn profit in the previous year.

This is a developing story