Superdry founder, Julian Dunkerton, declares no takeover offer for the company, causing shares to plummet.

Superdry shares plummeted to an all-time low after founder Julian Dunkerton declared he would not make a takeover offer for the company. Dunkerton had discussed a possible takeover with US investors earlier this year, but shares fell nearly 50% to 13p following the announcement. Superdry stated that alternatives remain open, and discussions with Dunkerton continue regarding potential equity raises.