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The Guardian - UK
The Guardian - UK
Business
Jack Simpson and Sarah Butler

Superdry shares fall after CEO rules out making takeover offer

Superdry Julian Dunkerton
Superdry store in Bracknell
Superdry said in January it was considering store closures and job cuts after a drop in sales. Photograph: Maureen McLean/Rex/Shutterstock

Superdry’s share price more than halved to a new record low on Tuesday after its chief executive decided against making an offer for the struggling fashion retailer.

The company announced after markets closed on Thursday that Julian Dunkerton, the founder and chief executive of Superdry, had opted against a takeover after a two-month pursuit.

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