Superdry gears up for emergency sale if creditors oppose survival plan
Embattled fashion retailer Superdry is gearing up for an emergency four-week sale process if creditors fail to support boss Julian Dunkerton’s restructuring proposal.
The accelerated M&A sale process is expected to be launched if a restructuring plan is rejected by creditors and landlords “in the coming weeks”, according to Sky News.
As part of the proposed survival plan, Dunkerton would underwrite either £8m in an open offer to other shareholders or £10m in a placing that would only be available to him.
Already have an account? Sign in here
