UK's Superdry gains on report of sale of some brand rights

Superdry

27/12/2023 08:50

** Shares of Superdry  SDRY.L  rise 8.8% to 37p; top pct
gainer on FTSE small cap index  .FTSC 
    ** Superdry is in talks to sell its brand rights in the U.S.
and Middle East to raise tens of millions of pounds to boost its
finances, The Telegraph reported on Saturday
    ** The UK stock market was closed on Monday and Tuesday for
holidays
    ** Last week, Superdry warned of a hit to annual profit as
unusually warm weather hurt sales of its autumn/winter
collection and consumers curb spending amid a cost-of-living
    ** Shares down 72.36% YTD, including session moves

 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))