Julian Dunkerton decided against takeover offer and company will delist from London Stock Exchange
Superdry today launched a restructuring plan aimed at saving the once mighty brand which will see it raise cash and slash rents. It will delist from the stock market as part of the plan, which should give it time away from the glare of daily scrutiny of its battered share price. Superdry shares have crashed from more than 500p five years ago to just to 8p today, which leaves the equity valued at less than £8 million.
The ONS said the jobless rate jumped to 4.2% in the three months to February, up from 3.9% in the three months to January.
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