Superdry’s new bosses try to calm nerves after boardroom coup
03 April 2019
Julian Dunkerton and Peter Williams, the returning chief executive and new chairman of Superdry, addressed staff at the company’s head office on Wednesday as they tried to calm nerves after a boardroom coup which has wiped nearly £70m off the fashion brand’s market value in the last two days.
Shares in the company fell 7.8% to 460.8p, following Tuesday’s 8.8% drop after the re-election of Dunkerton by a narrow majority of shareholders, sparking the resignation of the chief executive, Euan Sutherland, and all but one other director.
Read the full article on The Guardian.