Julian Dunkerton appears to have won his bid to return to the Superdry board, by a wafer-thin margin - with mass resignations from the existing board expected.

Ahead of the EGM in London today, Dunkerton's motion to be reappointed to the board won approval from 50.75 per cent of proxy voters. 

The appointment of former Boohoo chief Peter Williams as an independent director was also approved by 50.74 per cent.

This morning's EGM came at the end of a bitter battle played out in public over the last month since the meeting was called.

Dunkerton, who owns 18 per cent of the company's shares himself stepped down from the board last year after a disagreement over strategy.

Since then, shares have plummeted with Dunkerton blaming the board for a loss in share value in excess of £1billion.

After the meeting was called, the Superdry board led by chairman Peter Bamford and chief executive Euan Sutherland said Dunkerton's return would be "extremely damaging."

Superdry shares were trading for as much as £20 each in May last year, but have fallen sharply in the last 12 months, opening today at just 556p.

There are also expected to be job losses at the firm's Cheltenham headquarters, with as many as 200 of the 1,000 staff under threat as the company seeks to make cost savings of around £20million.

With Dunkerton now set to return to the board of the company he founded as a market stall in Cheltenham, mass resignations are expected from the existing board.