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Superdry plc (SEPGY)
- Reuters SG
Deals of the day-Mergers and acquisitions
** Envestnet, a U.S. software vendor with a market value of about $3.5 billion, is exploring options that could include a potential sale after receiving takeover interest, people familiar with the matter said. ** Lufthansa's new remedies on its ITA Airways stake buy are not markedly different from an earlier package rejected by EU antitrust regulators which have also discounted Ryanair as a rival in its scrutiny of the deal, people familiar with the matter said.
- The Telegraph
I don’t care that we’re a dad brand, says Superdry founder as he prepares to take company private
The founder of Superdry has said he does not care that the retailer is increasingly seen as a “dad brand”, as he prepares to take the the business private.
- Fortune
Beloved British retailer Superdry plans to quit the London Stock Exchange after mounting losses to overhaul the company and save it from going bust
Superdry's woes have kept mounting—big losses, a slew of CFO departures and a rapid decline in share price, which is down 82% year to date.
