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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Superdry may have to raise new funds as weather dampens profits

The SuperDry store in Bracknell, UK
The funds would be raised by offering new shares worth up to 20% of Superdry’s market value. Photograph: Maureen McLean/Rex/Shutterstock

Superdry has warned that it no longer expects to make a profit this year and may have to raise new funds as a damp spring and the cost of living crisis hit sales.

The British fashion brand said it was considering raising money as it also struggled with disappointing wholesale sales.

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