Home Money Superdry soars 17% on reports US investor is in talks to buy the troubled fashion chain

Superdry soars 17% on reports US investor is in talks to buy the troubled fashion chain

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Problems: Fashion chain Superdry employs around 3,350 people worldwide

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Problems: Fashion chain Superdry employs around 3,350 people worldwide

Problems: Fashion chain Superdry employs around 3,350 people worldwide

Share Superdry shares rose more than 17 per cent after reports that a US investor is in talks over a deal to buy the troubled fashion chain.

New York investment management firm Davidson Kempner is in talks with Superdry co-founder and director Julian Dunkerton about backing a deal to take the brand private, according to Sky News.

The talks are understood to be at a “preliminary stage” and there is no guarantee of an agreement.

Superdry declined to comment. The company, which employs around 3,350 people worldwide, operates 216 stores along with franchise stores.

About a month ago, the company said it was analyzing several “cost-saving options” after reports that it was considering a restructuring. This could include store closures and job cuts.

Days later, the company confirmed that Dunkerton, who co-founded Superdry in 2003, was in talks about a possible acquisition.

Dunkerton, which owns more than a quarter of the business, has also reportedly held initial talks with investment firms Rcapital and Gordon Brothers.

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