In an effort to promote clothing re-use and recycling, Femme Luxe has launched a partnership with recycling app Regain. This is one of several sustainability-focused initiatives being introduced by the site this year.
Superdry's trading update showed a sharp decline in Q4, but new its new management said it's acting fast to get it back to generating sales rises, although a profit warning means it won't be a quick transformation.
Sutherland, who resigned as chief executive following a boardroom coup led by Julian Dunkerton on Tuesday, is expected to receive a £730,000 payoff. Superdry’s shares remained at 449p on Friday morning.
Shares in Superdry Plc fell more than 11 percent on Wednesday after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives.
Superdry co-founder Julian Dunkerton needed 50% shareholder support to get back onto the struggling retailer's board and he has won his battle, getting 51.15% of the votes. The exec team has quit and he's now CEO.
Superdry co-founder Julian Dunkerton’s claim that he’s winning City support for his comeback bid seemed to have some justification on Monday as it was revealed that two large shareholders are backing his move.