Superdry gets shareholder nod for key equity raise

(Reuters) - Britain's Superdry received shareholder approval for a proposed fundraising as the fashion chain braces for a restructuring plan to avoid falling into administration, it said on Friday.

The company's independent directors said that the proceeds of 10 million pounds ($12.7 million) from the placement will be sufficient to implement the turnaround plan, after the shareholders approved all the resolutions put forward at a general meeting.

($1 = 0.7883 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema)