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Police said he used the stolen goods to fund his drug habit

The owner of Superdry's flagship store in central London is weighing a challenge to a rescue plan that would impose steep haircuts on the struggling chain's landlords.

Dunkerton may often have been feted in his elegant home town of Cheltenham, after founding Superdry there, but he is now losing many admirers due to a long-running planning dispute.

Julian Dunkerton’s Lucky Onion Group has appealed against an order to take down the marquees outside the hotel and restaurant in Cheltenham

A number of high street stores will be closing their doors for the final time today

It was once an iconic brand of the Noughties raking in £1.7 billion a year with its garments being worn by the likes of David Beckham and Idris Elba. Now Superdry is fighting to stay afloat.

The firm has unveiled a restructuring plan in desperate new efforts to salvage its future on the UK's high streets.

The Memphis, Tenn., company’s plans to list on the London Stock Exchange would be a major win for the troubled market following a series of high-profile exits.

Superdry will fall into administration unless shareholders back his three year, multi-million pound turnaround plan for the struggling fashion chain, chief executive Julian Dunkerton warns.

The brand, which runs 216 shops as well as franchised stores, is looking at ways to save cash.

The embattled retailer told investors on Tuesday the plan will also include rent reductions on 39 UK sites.

The company will delist from the stock market allowing Dunkerton to focus on retailing – and avoids the business falling into administration

Struggling Superdry has revealed plans for a fundraising and restructuring, warning that failure will mean it faces administration.

The fashion business runs 216 shops alongside franchised stores

The fashion business runs 216 shops alongside franchised stores

Superdry today warned that if it does not proceed with these plans, which also includes cutting rents at 39 stores, it could be driven into administration

Fashion retailer is seeking rent reductions on 39 of its UK stores