Superdry in 'positive' talks with investors about 20% equity raise

Fashion retailer Superdry confirmed on Tuesday that it is in "positive" discussions with certain institutional and other investors about a proposed equity fundraising of up to around 20%.

Responding to press speculation, the company said that founder and chief executive Julian Dunkerton "intends to significantly participate in the equity raise and provide a material underwriting commitment, reflecting his confidence in the long-term prospects of the business".

A further announcement about the fundraising will be made in due course as appropriate, Superdry said.

At 0920 BST, the shares were up 7.3% at 92.40p.