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Gloucestershire Business News

Founder of Superdry Julian Dunkerton to wave goodbye

Founder of iconic clothing brand Superdry, Julian Dunkerton, is set to leave the Cheltenham-headquartered world-wide retailer.

According to a statement from the business - which he famously founded with a grant from the Prince's Trust - the entrepreneur is to leave to pursue other business and charitable interests.

Mr Dunkerton, who was chief executive of the Stock Exchange-listed firm until 2014 has reportedly told the board of SuperGroup plc of his plans to leave on March 31.

"I am immensely proud of everything achieved at Superdry over the past 15 years," Mr Dunkerton said in a statement.

"As a fast-growing, innovative business, Superdry has always evolved to ensure it keeps delivering.

"With other demands on my time it is the right point for me to transition my focus and responsibilities."

Peter Bamford, chairman of The Runnings-headquartered business, said: "With Superdry embarking on the next phase of its ambitious growth plans, and with other interests and opportunities available to him, Julian and I have been talking for some time about the right time for him to move on from the business.

"I have enjoyed working closely with him over the last eight years and, on behalf of the board, I would like to thank Julian for his outstanding contribution in building Superdry into such a great brand."

In a separate statement Superdry said Mr Dunkerton would also be transferring £1.2million worth of ordinary shares as a personal donation to The Blue Marine Foundation, a charity focusing on overfishing and biodiversity.

Just two months ago Mr Dunkerton made almost £18million by selling a 1.23 per cent stake in the firm - retaining more than 25 per cent of total shares.

Superdry is expected to deliver its fourth quarter trading figures on May 10. You will be able to read them here on Punchline.

What do you think? Email mark@moosemarketingandpr.co.uk.

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