Superdry to Delist from Stock Exchange Amid Restructuring and Fundraising Efforts

Julian Dunkerton, co-founder of Superdry, leads a critical fundraising initiative to prevent the company's collapse.

Superdry announces a restructuring plan that includes rent reductions on 39 UK sites and an extension of loan maturity dates.
The company plans to delist from the London Stock Exchange in July as part of its turnaround strategy.
Julian Dunkerton commits to underwriting a £10 million equity raise to support the company's restructuring.
Superdry faces administration if the restructuring plan fails, endangering its financial stability.
The company's market value has plummeted, with shares falling to a record low of 8p.