Julian Dunkerton’s six-month campaign to wrestle back control of Superdry ended in stunning success for the brand’s co-founder. Hong Kong-based activist fund Oasis made a decisive intervention in Dunkerton’s re-election campaign, quietly building a small stake and then voting in his favour in April last year. Some 16 months later and Superdry’s shares have fallen by three-quarters to £1.35. Now a second activist has waded in. Gatemore Capital, which has lobbed grenades at retail bosses in the recent past, took a 3% stake in July.

Source: The Times August 23, 2020 02:04 UTC