Troubles: Fashion chain Superdry employs about 3,350 people across the world
Shares in Superdry surged more than 17 per cent after reports that a US investor is in talks about a deal to buy the troubled fashion chain.
New York investment management firm Davidson Kempner is in discussions with Superdry co-founder and chief Julian Dunkerton over potentially backing a deal to take the brand private, according to Sky News.
It is understood that talks are at a ‘preliminary stage’ and there is no guarantee of an agreement.
Superdry declined to comment. The business, which employs about 3,350 people across the world, runs 216 shops alongside franchised stores.
About a month ago, the business said it was looking at various ‘cost-saving options’ after reports it was considering a restructure. This could include store closures and job cuts.
Days later, the company confirmed that Dunkerton, who co-founded Superdry in 2003, was in talks over a possible takeover deal.
Dunkerton, who owns over a quarter of the business, has also reportedly held initial talks with investment firms Rcapital and Gordon Brothers.
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