From Morningstar:

Superdry is in talks to go private, with Rcapital and Gordon Brothers considering a bid. The stock has doubled to 46.15p, while over the last year, it’s plummeted 63%. First Seagull bought a 5.3% stake and considers the company “ripe for a bid.” Sycamore Partners and Authentic Brands Group are said to have Superdry in their sights.

Superdry confirmed CEO Julian Dunkerton’s discussions with potential financing partners for a possible cash offer for the company. The talks are at a preliminary stage, and no decisions have been made. After discussions with CEO Julian Dunkerton, Rcapital and Gordon Brothers are considering a bid to take Superdry private.

Superdry’s interim results show that it’s struggled due to challenging markets and poor weather. It reported a revenue of £219.8 million, down 24% from the previous year. Although it swung to a pre-tax profit of £3.3 million, the adjusted pretax loss widened to £25.3 million. Superdry is set to lose another finance chief in March.



Read more: Superdry in Talks to Take Embattled Business Private