Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

SuperGroup Founders Launch Wealth Sharing Staff Incentive Plan

The company will distribute 20 percent of share gain over $23.9 to its 4,500 employees, in a scheme set to run until 2020.
SuperGroup Logo | Source: supergroup.co.uk
By
  • Reuters

LONDON, United Kingdom —  The founders of British fashion retailer SuperGroup , owner of the Superdry brand, have launched an incentive plan that would see them share their wealth with the firm's 4,500 employees - if its share price rises significantly.

SuperGroup detailed the move, which forms part of its strategy to attract and retain talent, at its annual shareholders' meeting on Tuesday.

The scheme, which runs to September 2020, would see Julian Dunkerton and James Holder, transfer into a trust 20 percent of their gain from any increase in the group's share price over 18 pounds ($23.9).

Dunkerton and Holder grew the fashion chain from a market stall in Cheltenham, western England, and listed its shares at 500 pence in London in 2010.

ADVERTISEMENT

The stock closed Monday at 1,560 pence, valuing the business at 1.27 billion pounds.

Dunkerton, the group's product and brand director, owns 26.7 percent of SuperGroup's equity, while Holder owns 10.6 percent.

Each 5-pound increase in the shares over the 18 pounds level would see the founders put 30 million pounds into the trust to be shared by staff worldwide.

Chief Executive Euan Sutherland and Chief Financial Officer Nick Wharton participate in existing long-term incentive arrangements and have waived their entitlement to take part in the scheme.

"As the founders of the business we remain significant investors and it is important to us that we share our ongoing success with all colleagues," said Dunkerton.

In July SuperGroup reported an 18.4 percent rise in 2016-17 underlying pretax profit.

By James Davey; Editor: Louise Heavens

WF6AKN4F5RCK7OJGVWGZOCNOSQ
In This Article
Topics
Organisations

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.

Adidas Prepares for Samba Slump

As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.


Op-Ed | The Rise of the Unwasteful Brand

A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.


Fashion’s Stalled Self-Checkout Revolution

RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The State of Fashion 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The State of Fashion 2024