Investing
Superdry CEO in talks with Rcapital, Gordon Brothers for a take-private bid – Sky News
© Reuters. FILE PHOTO: A woman walks past a window display at a Superdry store in London, Britain, March 1, 2019. REUTERS/Toby Melville/File Photo
(Reuters) – Superdry CEO Julian Dunkerton is in talks with Rcapital and Gordon Brothers, both of which specialise in investments in financially challenged firms, about a bid to take the embattled British fashion retailer private, Sky News reported on Friday.
The report comes hours after the London-listed company said Dunkerton, who is also its top shareholder, is considering making a cash offer for the shares he does not already own, among other options.
Superdry in its statement did not mention speculation about an outside takeover, only referring to a potential cash offer by Dunkerton, possibly with financing partners.
Superdry, Rcapital and Gordon Brothers have not yet responded to a Reuters request for comment.
Shares in Superdry more than doubled at close on Friday.
Read the full article here
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