Superdry in talks to raise nearly £15 million in share sale – report
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Reuters API
Reuters API
Struggling British fashion brand Superdry
The cash call could be unveiled as soon as the first week of May, the report added. However, Superdry declined to comment, when contacted by Reuters.
The apparel retailer and wholesaler had said in April that it had been considering a potential equity raise of up to 20% backed by founder and CEO Julian Dunkerton
One investor said the cash call was likely to be worth more than £10 million and possibly closer to £15 million, according to the Sky News report.
