Drapers’ Post

Superdry has proposed that it will delist from the London Stock Exchange as part of a restructuring plan. CEO and co-founder Julian Dunkerton talks to Drapers about the decision. Read the full story below. #superdry #fashion #delisting #LSE #retail #retailnews

Gloucestershire's Superdry delists from London Stock Exchange 👕🪙 Gloucestershire-based fashion retailer Superdry updated the delisting of its shares and said the last day of trading would be on Friday (July 12) and the delisting from the stock market would take effect on 8am on Monday (July 15). The under-pressure Cheltenham company received approval from its creditors, shareholders and the court last month for a turnaround programme to avoid insolvency. The restructuring plan from boss Julian Dunkerton received the support of 99 per cent of creditors which attended and voted at the Plan Meetings held on June 10 this year. In a stock market statement, Superdry said its ordinary shares will be admitted to trading on the JP Jenkins securities matching platform from July 15 this year. Continue reading... https://lnkd.in/eAhE_-ZS #finance #investing #stockexchange #superdry #manufacturing #clothing #fashion #retail #businessnews #businessintelligence

“Most of my time today is spent on non-core issues not relating to the brand. I need to be able to fully focus my attention back on retailing and building the brand." Superdry founder and CEO Julian Dunkerton tells TheIndustry.fashion why he is taking the company private. And many others are following in delisting from the Stock Exchange. We take a look at this trend and examine the reasons why and whether it will lead to greater success for the companies concerned. #fashionnews #delisting #stockmarket #retailnews #retailing https://lnkd.in/emQzMYCM

Fast-fashion retailer SHEIN is in talks with former chancellor of the exchequer Sajid Javid about taking a role at the business as it progresses with its reported plans to float on the London Stock Exchange. Click below to read more. #fashion #fashionnews #retail #retailnews #Shein #SajidJavid

Superdry is preparing to become the next to leave a listed fashion retail sector that has shrunk drastically as companies go private or succumb to takeover by larger rivals. Drapers explores why flotations are out of favour and what the future is for publicly traded fashion companies. Subscribe to Drapers to read more. #floatations #superdry #listedcompany #publictrading #fashionretail #fashionnews

"The reality is entrepreneurs are able to adapt and change, and we [as founders] are very protective of the business in a good way because there is an understanding of it, and that entails flexibility," says Superdry co-founder and CEO Julian Dunkerton. In the latest Drapers Interview he shares his hopes to reinvent the 21-year-old brand after leaving the London Stock Exchange. Find out how by subscribing to Drapers below. #superdry #retail #retailnews #fashion #Dunkerton #fashionnews #Cheltenham #Drapersinterview

Gap officially changed its stock trading symbol on Thursday after going public on the New York Stock Exchange on May 19, 1976: It's now "GAP" rather than a nod to the navigation system "GPS." The move is not without symbolism attached to it. For one, the first Gap store opened on Aug. 22, 1969, on Ocean Avenue in San Francisco. The store — called The Gap — sold everything from Levi's jeans to cassettes. And two, it marks the one-year anniversary with former Barbie turnaround master Richard Dickson at the helm. "To some extent, it was an obvious conversation. I mean GPS or GAP, right? So there is, to some extent, one of those moments where you go, why not?" Dickson told Yahoo Finance Executive Editor Brian Sozzi at the New York Stock Exchange, surrounded by floor traders decked out in Gap denim and 1969 sweatshirts. The ticker change is the latest signal sent by Dickson that Gap will respect its heritage but aim to become competitive again by pivoting to a culturally relevant future. Shares of the 55-year-old apparel retailer are up more than 135% since Dickson took over. More: https://lnkd.in/e_YMnCBM #yahoofinance #finance #markets #business #retail #consumer

The deadline for CEO Julian Dunkerton to submit a bid to take Superdry private has been extended to 29 March. Read more here. #fashion #fashionnews #retail #retailnews #Superdry

SHEIN has confidentially filed papers with Britain's markets regulator in early June for a potential London listing, according to two sources, as the online fast fashion retailer progresses with what could be one of the largest IPOs globally this year. The Chinese-founded company, which was valued at $66 billion in a fundraising round last year, began engaging with its financial and legal advisors to explore a listing on the London Stock Exchange earlier this year, sources informed Reuters in May. #Shein #IPO #Listing #News #Retail #Retailer #Finance #NewsUpdate #Finance360 #Report #UK

Fast-fashion retailer SHEIN is in talks with former chancellor of the exchequer Sajid Javid about taking a role at the business as it progresses with its reported plans to float on the London Stock Exchange. Click here to read more. #fashion #fashionnews #retail #retailnews #Shein