UK's Superdry gains on exploring cost-cutting plan

Superdry

29/01/2024 08:57

** Superdry  SDRY.L  up 3.4% at 16.6p, among top pct gainers
on London's small-caps  .FTSC  index 
    ** The British fashion retailer is working with advisors to
explore cost-saving options as it grapples with weak demand and
a cash crunch
    ** Reuters reported last week that Superdry is working with
PricewaterhouseCoopers on cost-cutting measures
    ** Shares lost over 73% of their value in 2023

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))