Skip navigation

Gloucestershire Business News

Dunkerton's vision for Superdry backed by investors

Investment firm Gatemore Capital Management said it is supportive of Julian Dunkerton's vision for Superdry after buying a stake in the fashion retailer.

Mr Dunkerton, who co-founded Superdry in Cheltenham, returned as chief executive last year after major changes in the boardroom.

And after taking a three per cent stake, Gatemore backed his plans to transform the company, including taking control of branded franchise stores in China.

Managing partner Liad Meidar said: "Superdry has shown strong resilience despite a challenging trading environment in recent months and we are confident the business is poised to benefit from the trend towards casual wear which has been accelerated by COVID-19.

"We are fully support of Julian's vision for the company, including returning the brand to its design-led roots and Superdry's strong commitment to sustainability.

"We look forward to discussing our views further with the board, management and other shareholders over the coming months."

Superdry announced in May it will not pay a dividend for this financial year after the impact of the coronavirus pandemic on sales.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, August 11 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, August 11

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Versarien remains optimistic after reporting loss Image

Versarien remains optimistic after reporting loss

Versarien chief executive Neill Ricketts expressed "optimism and confidence" despite reporting a £4.7million pre-tax loss.

Debenhams announces 2,500 jobs to go Image

Debenhams announces 2,500 jobs to go

Debenhams is cutting 2,500 jobs from stores and warehouses in a move it says was giving the company "every chance of a viable future".

Kohler Mira put shirt on Cheltenham Town again Image

Kohler Mira put shirt on Cheltenham Town again

Cheltenham Town have agreed a two-year extension for Kohler Mira to remain as the club's shirt sponsors.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.