- ORIGINAL NEWS
Superdry shares soar more than 100% as company considers going private
- SUMMARY
The British fashion brand, Superdry, has been making headlines recently due to rumors of a possible takeover.
The company’s sales have been on a downward trend and its share price has been falling significantly.
Co-founder and CEO, Julian Dunkerton, is considering taking the company private.
His request to explore this option was granted by the business.
Discussions with potential financial backers are ongoing and no decisions have been made as of now.
The talks are at a preliminary stage, and success is not guaranteed.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“Superdry shares soared more than 100% on Friday”
“Julian Dunkerton had requested “permission to begin exploring the possibility of making an offer for the company”
Negative
“A recent slump in sales and a falling share price”
“The company’s share price has remained in general decline”