The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
CHELTENHAM, United Kingdom — Julian Dunkerton, the founder and former boss of British fashion group Superdry, urged shareholders on Thursday to elect him and industry veteran Peter Williams to the company's board at its upcoming shareholder meeting in April.
Dunkerton, in a letter to shareholders, said he would work to restore double-digit percentage earnings before income tax (EBIT) margins and rebuild profitability in two to three years.
He also pledged not to sell his shares in the company for at least two years.
In early March, Dunkerton and Superdry's co-founder and former brand and design director James Holder said they wanted to place Williams, current chairman of online fashion retailer Boohoo, on the company's board and called for a shareholder meeting.
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Superdry, whose shares slumped 68 percent over the last year, has already said that it does not want Dunkerton back and has asked shareholders to vote against him and Williams.
Dunkerton owns 18.4 percent of Superdry.
By Sangameswaran S; editor: Saumyadeb Chakrabarty.
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.