5th Apr 2019 14:25
LONDON (Alliance News) - Superdry PLC on Friday said that Investec Asset Management Ltd upped its stake in the fashion retailer to 10.06%.
Prior to a deal completed on Thursday, Investec held a 6.40% interest in the hoodie retailer.
Superdry shares were trading up 0.2% at 450.55 pence each.
On Wednesday, several directors resigned from Superdry's board following a general meeting which saw the return of co-founder and former chief executive Julian Dunkerton to the board as interim CEO.
Peter Williams has also been appointed to Superdry's board as chair of the fashion retailer.
As a result of the appointments, Chair Peter Bamford, CEO Euan Sutherland and Chief Financial Officer Ed Barker had stepped down with immediate effect.
Non-Executive Directors Dennis Millard, Minnow Powell, Sarah Wood and John Smith will all leave their roles on July 1.
Superdry's board had vigorously opposed Dunkerton's return stating that its would have been "extremely damaging" to the company and its future prospects.
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