Shares in Superdry PLC surged on Friday as takeover talks progressed, but a deal for the embattled firm is still at a ‘preliminary stage’. On Wednesday this week, Norwegian-based investment fund First Seagull bought a 5.3% stake in Superdry, according to regulatory filings. Superdry Chief Executive Julian Dunkerton confirmed that he is in discussions with potential financing partners. On Friday, Superdry said: ‘the company also continues to work with advisers to explore the feasibility of various material cost saving options. Giles Davis has been appointed interim CFO, joining Superdry on January 29, with an expected appointment on April 1.

Source: The Times February 02, 2024 12:11 UTC