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SuperGroup founder sells 4m shares, reportedly to fund divorce

Fri, 12th Feb 2016 11:04

(ShareCast News) - The founder of SuperGroup - the company behind the popular Superdry fashion brand - has sold 4m shares due to "personal circumstances" amid reports he plans to use the proceeds to fund his divorce.The shares were sold at 1,200p each via an accelerated bookbuild placing to institutional investors managed by Investec Bank and Canaccord Genuity.SuperGroup announced the placing late on Thursday.Following the share sale, Julian Dunkerton, who stepped down as chief executive in 2014, remains the largest shareholder in the company, with 22.1m shares or a 27.2% stake.Dunkerton is said to have separated from his wife Charlotte around three years ago but only recently began divorce proceedings.The company's co-founder, James Holder, sold 2m shares in SuperGroup in July 2013 due to personal circumstances related to his divorce.At 1120 GMT, shares in the company were down 3.7% to 1,280p.

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12 Feb 2016 07:13

Friday newspaper round-up: SuperGroup, Google, Sainsbury's, Barclays

(ShareCast News) - Jamie Dimon has tried to put out a fire in financials stocks, spending more than $26m to buy half a million shares in JPMorgan Chase, the bank he has run for a decade. The purchase - confirmed in a filing on Thursday evening - is the first big open-market purchase Mr Dimon has mad

11 Feb 2016 17:12

DIRECTOR DEALINGS SUMMARY: SuperGroup Co-Founder To Offload 4.9% Stake

11 Feb 2016 17:04

DIRECTOR DEALINGS: SuperGroup Co-Founder Selling 4.9% Stake

9 Feb 2016 07:45

Britvic Appoints SuperGroup CEO As Non-Executive Director

29 Jan 2016 16:04

Dividends Calendar - Week Ahead

14 Jan 2016 16:19

Dividends Calendar - Week Ahead

14 Jan 2016 07:50

SuperGroup Christmas trading lifted by European roll-out

(ShareCast News) - SuperGroup reported a jump in revenue over the Christmas period thanks in part to the roll-out of the European store programme. For the 11-week period from 25 October to 9 January, retail revenues rose 14.6% to £143.5m. Meanwhile, sales in the 37-week period from 26 April to 9 Ja

14 Jan 2016 07:48

SuperGroup Revenue Up Over Christmas As It Expands In Europe

8 Jan 2016 18:19

UK Retailers Suffer "Worst Christmas" Since 2008 Due To Warm Winter

7 Jan 2016 16:05

Earnings, Trading Statements Calendar - Week Ahead

5 Jan 2016 17:09

LONDON MARKET CLOSE: Next And Sainsbury's Put Retailers In Spotlight

5 Jan 2016 12:09

LONDON MARKET MIDDAY: Early Gains Fade As Next Update Hits Retailers

5 Jan 2016 08:31

LONDON MARKET OPEN: Next Left Behind As Stocks Rally On Chinese Action

16 Dec 2015 17:00

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16 Dec 2015 15:28

FTSE 250 movers: Strong trading leads Supergroup to top of the pack

(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon. Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japane

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