Julian Dunkerton: What’s going wrong at Superdry and how I’ll fix it

The fashion retailer’s chief returned to the fold in 2019 and insists he can still turn around its fortunes

Superdry’s products are improving and winning over customers says Julian Dunkerton, the founder who returned to the business in 2019 after staging a boardroom coup
Superdry’s products are improving and winning over customers says Julian Dunkerton, the founder who returned to the business in 2019 after staging a boardroom coup
PA
The Sunday Times

Over the August bank holiday, Julian Dunkerton, Superdry’s co-founder and chief executive, headed to his cider bar, to catch up with friends. One of them, Idris Elba, the actor-turned-superstar DJ, delighted the crowd in Cheltenham from behind the decks.

“It was absolutely brilliant,” Dunkerton enthused. The show offered some relief before another bruising week.

Superdry announced on Wednesday that its shares would be suspended because its new auditor, RSM, had been unable to finish work on the fashion retailer’s accounts before the previous day’s deadline. When the results came on Friday, Superdry reported an underlying pre-tax loss of £21.7 million on sales of £622.5 million in the year to April 29. In the 13 weeks since, sales fell 18.4 per cent.

When Dunkerton pulled off