RE: This Weekend2 Feb 2024 10:06
Shares in the Cheltenham, England-based clothes retailer surged 66% to 35.18 pence each in London on Friday morning. However, over the last 12 months the stock has plummeted 71%.
On Wednesday this week, Norwegian-based investment fund First Seagull bought a 5.3% stake in Superdry, according to regulatory filings.
On Friday, the Times reported that First Seagull considers Superdry "to be ripe for a bid."