Co-founder Dunkerton sells 5% stake in SuperGroup

By

Cajsa Lykke Carlson

Published
Feb 15, 2016

One of the co-founders of UK retail giant SuperGroup, owner of the Superdry brand, Julian Dunkerton, has sold 4m shares in the company.

The shares represent approximately 4.9% and were placed at a price of 1,200 pence per share and sold to institutional investors in a placing managed by Investec Bank plc and Canaccord Genuity Limited, acting as joint bookrunners.

Following the sale, Dunkerton still holds 22,088,944 ordinary shares in the Company, representing 27.2% of the Company's issued share capital. 

In January, SuperGroup announced a 14.6% year-on-year increase in retail revenue during the 11-week period between October 25 to January 9, up to £143.5m, reflecting the positive impact of the opening of new European stores.