Gatemore Capital Management recently disclosed acquiring a 3.37 per cent stake UK fashion retailer Superdry PLC. “Superdry has shown strong resilience despite a challenging trading environment in recent months, and we are confident the business is poised to benefit from the trend towards casual wear, which has been accelerated by COVID-19,” Gatemore’s managing partner Liad Meidar said.
The activist investment firm said the faux-Japanese retailer is well positioned to benefit from changing consumer trends triggered by lockdowns.Activist investment firm Gatemore Capital Management recently disclosed acquiring a 3.37 per cent stake in UK fashion retailer Superdry PLC, saying the latter is well positioned to benefit from changing consumer trends triggered by lockdowns. Gatemore Capital took a stake in Moss Bros last year before the retailer received a takeover bid earlier this year. #
SuperDry co-founder Julian Dunkerton, the company’s biggest shareholder, won a bitter six-month battle to rejoin the retailer in April 2019, which led to the resignation of the entire board in protest at his return. Since then, Dunkerton has launched a major overhaul of the retailer, refocusing on design and the brand’s identity and scrapping a planned children’s-wear range and a footwear licensing deal, according to British media reports.
Gatemore Capital also took a stake in Moss Bros last year before the retailer received a takeover bid earlier this year.
Fibre2Fashion News Desk (DS)
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