Superdry is to embark on a restructuring plan including rent reductions in stores and a fundraising, backed by its boss and co-founder Julian Dunkerton, and will quit the London Stock Exchange.
Trading in the company’s shares was halted on Tuesday morning after they fell 25% to just over 5p, a record low, valuingit at about £6m. At its peak in early 2018, Superdry was worth £1.7bn.
