The iconic ‘sustainable style destination’ retail group has declared that its trading in the half-year to 29 October, saw a 3.9% uplift in group revenues, with good showings in its stores and e-commerce sides, up 14.4% and 1.7% better respectively, while its wholesale business was off 5.2% in the period.
But most important was the news that Bantry Bay Capital has enabled the group to secure an £80m finance facility, on more expensive but a lot more flexible basis.
Superdry (LON:SDRY), which has 219 stores, also has some 450 franchises and licensees. The globally operating company, selling in some 50 countries across the world, employs over 4000 people within its business.
The group announced that it has made a positive start to its Autumn/Winter selling season.
The retail group’s shares responded with an immediate 8% price rise to 109.5p and should be heading higher again after the financing facility pressure has eased.