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Supergroup on verge of deal to sell clothing brand in China, reports say

Sun, 05th Jul 2015 15:57

Supergroup is said to be close to securing a deal that will take its Superdry clothing brand to China.The company is understood to be holding discussions with a joint venture partner, the Sunday Times reported.Supergroup, which owns nearly 200 stores across Europe, is due to present its latest full year results on Thursday.The figures are expected to reveal a 12.5% climb in sales to £485m, with pre-tax profit flat at £62.5m.

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