TOP NEWS: Superdry to delist as shareholders back restructuring plans
(Alliance News) - Superdry PLC on Friday said shareholders have backed a planned equity raise as it battles to restructure its ailing finances.
Read moreFri, 25th Sep 2020 16:04
(Alliance News) - Superdry PLC on Friday said shareholders have backed a planned equity raise as it battles to restructure its ailing finances.
Read more(Alliance News) - The landlord of Superdry PLC's flagship store will not formally seek to block a restructuring plan, which could have sent the ailing retailer on path for a four-week sale process.
Read more(Sharecast News) - Superdry is reportedly preparing to run an emergency four-week sale process if creditors block its founder's plans to inject up to £10m of his own money into the fashion chain in a bid to stave off insolvency.
Read more(Alliance News) - Shares in Superdry PLC fell after Sky News reported the ailing retailer could be forced into an emergency sale if creditor's block refinancing plans.
Read moreShares drop to record low of 5.19 pence
*Read more(Sharecast News) - Superdry is to delist from the London Stock Exchange as part of a far-reaching restructuring plan, the struggling retailer confirmed on Tuesday.
Read more(Alliance News) - Superdry PLC on Tuesday said that it intends to delist from the London Stock Exchange, and will conduct an equity raise to provide liquidity headroom, amid ongoing cash problems.
Read more(Alliance News) - London's FTSE 100 has been called to open lower on Tuesday, following declines for Asian equities and a sizeable drop for US tech shares overnight.
Read moreSuperdry PLC - Cheltenham, England-based clothing retailer - Issues response to "media speculation regarding the possible implementation of a restructuring plan". Confirms that it is currently "in the advanced stages of preparing a restructuring plan", which it expects to launch "in the coming days". Notes however that there is no certainty that any such plan will be implemented. Company previously stated on January 29 that it was "working with advisors to explore the feasibility of various material cost saving options to help position the business for long-term success". It had explored the possibility of Chief Executive Officer Julian Dunkerton launching a takeover offer, but said on April 2 that this was "unlikely to deliver an outcome" that could "be executed in the context of the company's ongoing work on its turnaround plan and material cost saving options".
Read moreFTSE 100 down 0.2%, FTSE 250 adds 0.9%
*Read moreGerman inflation eases to almost 3-year low
*Read more(Sharecast News) - Shares in Superdry tanked by more than half on Tuesday after the struggling fashion retailer revealed that chief executive Julian Dunkerton had decided against making an offer for company.
Read more(Alliance News) - Superdry PLC on Thursday said a takeover offer from Chief Executive Officer Julian Dunkerton is unlikely, but he remains committed to the company.
Read more(Alliance News) - Sky News on Monday reported that Superdry is in talks with Hilco for a new GBP10 million borrowing facility.
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