{"id":221789,"date":"2022-12-12T07:00:36","date_gmt":"2022-12-12T07:00:36","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=221789"},"modified":"2022-12-12T09:35:30","modified_gmt":"2022-12-12T09:35:30","slug":"superdry-boss-explores-potential-sale","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/superdry-boss-explores-potential-sale\/","title":{"rendered":"Superdry boss explores potential sale"},"content":{"rendered":"
The founder of Superdry<\/span><\/a>, Julian Dunkerton, has reportedly held talks with private equity firms over a potential buyout of the fashion brand, according to The Times.<\/strong><\/p>\n <\/p>\n Conversations have taken place this year over a potential deal that would involve Dunkerton, who owns 23.9%, rolling his stake into a new private vehicle.<\/p>\n After dropping 60% this year, shares in Superdry closed on Friday near a record low, valuing the business at \u00a386 million. One source told The Times that \u201cDunkerton thinks it\u2019s super-cheap\".<\/p>\n A source also said that there were no active talks on a take-private deal and no advisors have been appointed for a potential sale.<\/p>\n The news follows Superdry's plan to refinance its existing lending facility with a \u00a370 million deal<\/span><\/a> from a fund backed by US activist investors Elliott Advisors.<\/p>\n Superdry currently operates 740 stores across 61 countries and employs over 2,500 people in the UK and Ireland. In a quarterly report published last month, Superdry\u2019s directors acknowledged that there was material uncertainty over the company\u2019s ability to continue as a going concern until the funding was secured.<\/p>\n