Skip to content
Home / News |

Superdry Shares Crash 9.14% After CFO Steps Down

Superdry store
Simon Mugo

Shares of Superdry PLC (LON: SDRY) today fell 9.14% after the company’s chief financial officer stepped down from his post earlier today having been hired just 16 months ago in June 2019.

The British fashion brand said that Nick Gresham, the CFO had stepped down with immediate effect and that a search for his replacement has started.

The company did not explain why the CFO left, although it had reported a massive full-year pretax loss of £166.9 million for the year ended April 25, in September.

X testing X
WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
5.0
Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Chief executive Julian Dunkerton said: “Nick joined Superdry at a time of significant change and challenge in the business. He has played an important role in putting the Company in a stronger position than it was before he joined and helped to steer Superdry through the impact of the COVID pandemic.”

Dunkerton appointed Gresham after reclaiming his position as the retailer’s CEO last year and ousting the entire board in a bid to revitalise the loss-making company by cutting costs and taking control of production.

Superdry share price

Tradingview chart of Superdry share price 16102020

Superdry shares today fell 9.14% to trade at 137.1p having dropped from yesterday’s closing price of 150.9p.

People who read this also read:

Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.