Superdry: Julian Dunkerton wins battle to rejoin firm – and entire board resigns

Victory for fashion chain co-founder’s six-month campaign to be reinstated precipitates massive boardroom bust-up

• Superdry co-founder’s return is high risk – but is he worth a chance?

Superdry co-founder Julian Dunkerton has won his battle to rejoin the struggling fashion retailer, prompting the company’s entire board to resign in protest at his return.

Dunkerton, the company’s biggest shareholder, has waged a six month campaign to be reinstated after an unsuccessful revamp by management resulted in a collapse in sales and profits, at what used to be one of the high street’s most successful fashion brands.

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from The Guardian https://ift.tt/2OISvg4