The clothing retailer - founded by Julian Dunkerton - could announce plans to raise more than £10m from a share sale as soon as next week, Sky News learns.
The fashion retailer Superdry is in advanced talks about a near-£15m share sale as it races to shore up its balance sheet amid tough trading conditions.
Sky News has learnt that the chain, headed by founder Julian Dunkerton, could unveil a cash call as soon as next week after discussions with City investors. The move will form part of efforts by Mr Dunkerton to revive Superdry's performance, and follows the announcement last month that it had struck a deal to raise £34m from the sale of its intellectual property assets in Asia-Pacific.
Superdry recently warned that sales growth had failed to meet boardroom expectations, which it said could"partly be attributed to factors outside the company's control, including the cost-of-living crisis having a significant impact on spending and footfall, and poor weather resulting in less demand for our new spring-summer collection".
Mr Dunkerton, who owns roughly a quarter of the company, has already committed to supporting an equity-raise, although it was unclear on Friday which of its other leading shareholders would follow suit.Image:
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