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Gloucestershire Business News

Superdry founder buys a million pounds in shares

Superdry co-founder Julian Dunkerton has bought nearly a million pounds worth of his company's shares.

He bought shares in the Cheltenham-based fashion brand at £2.66 each, above the current UK listing.

The Simply Wall Street share monitor described the purchase of £989,000 of stock as 'heartening'.

Started in 2003, the company has become a global fashion brand. But in the last few years it has experienced a turbulent boardroom struggle.

In 2018, Dunkerton sold a million shares for £18 million. At that time, they were trading at £17.80 each. Two months later he quit the company, only to return the following year after the company faltered.

A year ago, Superdry's chief financial officer Nick Gresham stood down from the board after little more than a year in the role.

This summer the firm fired its stockbroker. The board's chairman Peter Williams left in April.

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