Superdry pours cold water on co-founder's bid to return

Superdry is usrging investors to reject Mr Dunkerton's bid to return, claiming it would be divisiveSuperdry has urged shareholders to reject a bid by the fashion chain's co-founder to return to the company, saying it would be"extremely damaging" to the business.

Superdry told investors it was to hold a vote demanded by Julian Dunkerton, who has over 18% of the company's shares, on 2 April to settle the issue. The board set out its case for his proposal to be rejected - the latest salvo in a bitter war of words between them as each blames the other for the company's difficulties.

Mr Dunkerton cites a"misguided" strategy by chief executive Euan Sutherland for disappointing trading, culminating in a string of profit warnings - theJulian Dunkerton has been involved in a public war of words with Superdry bosses for several months He is attempting to return to the board as brand and product director with the support of fellow founder James Holder.They are pushing for an additional appointment of Boohoo chair Peter Williams as a director.

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Source: The Guardian - 🏆 84. / 53 Read more »