New Delhi: Reliance Retail plans to extend Superdry into the athleisure segment which will place it in direct competition with leading sportswear brands like Nike, Adidas and Asics. Last year, the British fashion brand had inked a joint venture agreement with Reliance Brands for the sale of Superdry’s intellectual property assets in India, Sri Lanka,…
Kolkata | New Delhi: Armani Exchange, Superdry, Calvin Klein, Tommy Hilfiger and US Polo Assn are said to be running out of local shoe stocks as the government wants factories they are made in to be certified by the Bureau of Indian Standards (BIS). These plants are mostly based in China, Vietnam, Thailand and Malaysia,…
British fashion chain Superdry proposed a rescue package on Tuesday involving a fundraising backed by CEO Julian Dunkerton, quitting the London Stock Exchange and a restructuring plan, to avoid falling into administration. The restructuring plan is dependent on the successful completion of the equity raise, which requires shareholder approval. Trading in Superdry’s shares was briefly…
About 15 Ted Baker stores in the UK will be shut down, including shops in London Bridge and Milton Keynes, leading to nearly 250 job losses, joint administrators of the collapsed British fashion retailer said on Monday. WHY IT’S IMPORTANT Ted Baker, a popular brand name in the UK, fell into administration last month, after…
Superdry on Monday confirmed that it was in talks with lender Hilco to provide additional liquidity, as the struggling British fashion retailer looks to navigate weak demand. The company said it is in discussion to increase its lending facilities by about 10 million pounds ($13 million) and an additional 10 million pounds to meet seasonal…
U.S. asset manager Davidson Kempner, owner of Britain’s Oak Furnitureland, is in discussions with British fashion retailer Superdry co-founder Julian Dunkerton about backing an offer for the clothing company, Sky News reported on Monday, without citing a source. The talks are at a preliminary stage and there is no guarantee that Davidson Kempner will ultimately…
Superdry CEO and top shareholder Julian Dunkerton is considering making a cash offer for the shares he does not already own, among other options, the embattled British fashion retailer said on Friday. Superdry shares soared earlier on Friday to levels not seen since October after The Times newspaper reported that U.S. private equity company Sycamore…
British fashion retailer Superdry is to explore a radical restructuring that could include substantial numbers of store closures and job cuts, Sky News reported on Saturday. Superdry declined to comment on the report when contacted by Reuters. Sky News report reported that Superdry and its advisers at PricewaterhouseCoopers (PwC) are starting work on plans that…
Britain‘s Superdry said Chief Financial Officer Shaun Wills will step down at the end of March, while the struggling fashion retailer reported a wider half-yearly loss on Friday as unusual weather snubbed sales amid a cost-of-living crisis. The retailer named Giles David as its interim CFO, effective Jan. 29. The London-listed company recorded an adjusted…
JD Sports Fashion lowered its full-year profit forecast on Thursday, citing higher costs and subdued consumer spending in the peak season, sending the British sportswear retailer’s shares down nearly 21%. Retailers in the United Kingdom have experienced tepid growth as the ongoing cost-of-living squeeze prompts shoppers to rein in spending. Apparel retailers across Europe like…
