Superdry’s founder has entered into preliminary talks with both Gordon Brothers and Rcapital as he seeks funding to take Superdry private.
Superdry confirmed this in a statement in which the business said: “Julian Dunkerton has confirmed that he is engaged in discussions with potential financing partners for the purposes of considering options in respect of the company, which may include a possible cash offer for the entire issued and to be issued share capital of the company. not already owned by him.
“These discussions are at a preliminary stage and no decisions have been made.”
This follows news that Superdry is also speaking with advisers about a potential restructuring of the business, which could involve a CVA. Superdry operates over 200 stores and has more than 3000 employees. It is thought that a CVA would enable the business to reduce its store count and make redundancies to right-size the business to enable its recovery.
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