Skip navigation

Gloucestershire Business News

One in five jobs at Superdry head office under threat

Up to 200 jobs could go at the Cheltenham head office of Superdry as part of a cost-cutting programme.

The company have confirmed that a consultation process began on Monday affecting their "central head office functions."

The fashion brand currently employs around 1,000 staff in its Runnings Road head office and as many as one in five are believed to be under threat.

The brand revealed that performance has been "subdued" in a trading statement released in December and were looking to make £50million in gross cost savings.

Confirming that the consultation process had started a Superdry statement said: "As announced at our interim results in December, we have embarked on a cost transformation programme.

"As part of that, we have started a process of consultation with colleagues about how it will impact our central head office functions."

Julian Dunkerton, founder of Superdry

As reported on Punchline-Gloucester.com last week, Superdry is currently undergoing a power tussle at the top.

Founder Julian Dunkerton is reported to have called for an extraordinary meeting to return as a non-executive director.

Dunkerton and former business partner James Holder still own around 28 per cent of the company but have seen their holdings lose two thirds of their value in the last year.

Shares in Superdry were trading as high as 1,813p in March 2018 but are currently worth 559p.

Related Articles

EXCLUSIVE: Dowdeswell Estates and Gloucester City Council agree deal to redevelop The Fleece Hotel Image

EXCLUSIVE: Dowdeswell Estates and Gloucester City Council agree deal to redevelop The Fleece Hotel

Punchline can exclusively reveal that a "game changing" deal has been agreed to transform a Gloucester City centre landmark.

VIDEO: Take a tour of the historic Fleece Inn in Gloucester ahead of its redevelopment Image

VIDEO: Take a tour of the historic Fleece Inn in Gloucester ahead of its redevelopment

Punchline TV speaks to the key players in the redevelopment and takes a peak inside the historic building before it is redeveloped

Work starts on Cheltenham Quadrangle rooftop restaurant development  Image

Work starts on Cheltenham Quadrangle rooftop restaurant development

Transformation of landmark Cheltenham town centre building the Quadrangle has now begun, with contractors moving onto the site.

Historic house for sale - with Lord of the Manor title Image

Historic house for sale - with Lord of the Manor title

If you have aspirations to becoming a real life Lord of the Manor and fancy following in the footsteps of Royalty we could be able to help.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.