Fashion chain Superdry has announced that it is planning to raise about £15m.
The Cheltenham firm issued a warning earlier this month (April 14) saying that it needed to cut costs by more than £35m after seeing dampened consumer spending. And last week (April 25) it extended its loan facility with Bantry Bay, which was at £80m in December 2022.
The retailer, which was founded by chief executive Julian Dunkerton has issued a number of profit warnings in recent years. Mr Dunkerton, had previously said he would fully support a potential equity raise of up to 20%.
