Superdry, the UK-based fashion retailer, is undergoing significant restructuring efforts including a plan to exit the London Stock Exchange (LSE) as part of its survival strategy. The company has announced a new restructuring plan which involves an equity raise and aims to reduce operational costs by cutting rents. Superdry's co-founder is leading the fundraising efforts, personally contributing £10 million to aid the company. This move comes as the retailer faces financial challenges, with landlords expected to incur losses due to the proposed rent reductions.
Big changes are planned for fashion retailer Superdry, which started on a market stall in #Cheltenham https://t.co/0yvVAT9t0U
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