Fashion chain Superdry has announced the completion of a £12m equity raise to help fund its turnaround plan.
The struggling retailer, which has its head office in Cheltenham, raised £11.1m through the sale of new shares and £0.9m via a retail offer.
The retailer issued 15,700,000 new shares, representing approximately 19.1% of the company's existing issued share capital, which was backed by new investors.
