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Britain’s Superdry Considering 20% Equity Raise

Superdry Shares Leap as UK Fashion Brand Returns to Profit

Struggling British fashion brand Superdry said on Friday a potential equity raise of up to 20 percent backed by founder and CEO Julian Dunkerton was among funding options being considered.

The group, whose shares have fallen 37 percent over the last year, also withdrew its profit guidance of “broadly breakeven” for its current year and is now forecasting revenue in the range of £615 million to £635 million ($771-$796 million).

Superdry,…


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