‘Speed is of the essence’ for Superdry as it mulls equity raise
City analysts have warned Superdry that “speed is of the essence” if it wants to survive after the fashion retailer issued a profit warning and announced it was exploring an equity raise of 20% earlier today.
Superdry said in a statement that it is considering an equity raise of up to 20% to “further strengthen its balance sheet”, which is “fully supported” by boss Julian Dunkerton.
The fashion retailer said it had withdrawn its previous full-year profit guidance of “broadly breakeven” and now expects full-year revenue to be between £615m and £635m.
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