15th Apr 2024 20:39
Superdry PLC - Cheltenham, England-based clothing retailer - Issues response to "media speculation regarding the possible implementation of a restructuring plan". Confirms that it is currently "in the advanced stages of preparing a restructuring plan", which it expects to launch "in the coming days". Notes however that there is no certainty that any such plan will be implemented. Company previously stated on January 29 that it was "working with advisors to explore the feasibility of various material cost saving options to help position the business for long-term success". It had explored the possibility of Chief Executive Officer Julian Dunkerton launching a takeover offer, but said on April 2 that this was "unlikely to deliver an outcome" that could "be executed in the context of the company's ongoing work on its turnaround plan and material cost saving options". Read More
