Superdry boss has no current plans to take group private
“While there was speculation that he was considering taking Superdry private, he said there were ‘no plans to do so at the moment’,” said Superdry.
The statement means that under UK takeover rules Dunkerton cannot make an offer for Superdry for six months unless another offer comes in for the group or there is an agreement with the board.
He owns 24% of the group’s shares, according to Refinitiv data.
Shares in Superdry, which warned of profit last week, have fallen 41% over the past year.
The stock closed Wednesday at 118 pence, valuing the business at 96.4 million pounds.
(Reporting by James Davey; Editing by Kate Holton)