Shareholders back Superdry’s rescue plans
Struggling retailer Superdry has won the backing of its shareholders for its restructuring plan.
The Cheltenham company is looking to exit the Stock Market and raise £10m from its shareholders as part of the rescue package.
The company has been hit by a combination of huge debt and falling demand from its customers.
As part of the restructuring package a number of stores will close and debts are also being written off by landlords.
Following a general meeting on Friday the company said that the £10m equity raise, which... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
