Key appointments made at Superdry
17th April 2019
The changing of the guard at Superdry following this month's EGM has continued with the appointment of a new broker and financial advisor.
Just over two weeks ago, Superdry shareholders narrowly backed the return of founder Julian Dunkerton to the company's board after a bitter war of wards with the now former management.
His motion to return to the board received 50.75 per cent of the votes, while former Boohoo chief Peter Williams was elected as a non-executive director by a similar margin.
That led to the resignation of chief executive Euan Sutherland and chairman Peter Bamford. Former investment advisors and brokers Investec and UBS also resigned.
Since then, Dunkerton has been named as interim chief executive and Williams interim chairman.
Now Superdry have revealed that New York-based financial services company Jefferies will be their corporate broker and financial advisors.
In a one line statement to the London Stock Exchange, Superdry said: "Superdry today announces the appointment of Jefferies International Limited as corporate broker and financial advisor with immediate effect."
Earlier this week, Dunkerton's return to the top table won the backing of Oasis Management who took a 3.3 per cent stake in the company.
Superdry employ around 1,000 people in their head office on the Kingsditch Retail Park in Cheltenham, although redundancies were planned by the previous management.
As many as 200 jobs were said to be at risk in a bid to cut costs after the company lost around £1billion in shareholder value in the last 12 months.
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