Distressed fashion chain Superdry PLC (LSE:SDRY) will have its last day of trading on the London Stock Exchange today, bringing its listing to an end after 14 largely tumultuous years.
It follows a prolonged period of falling sales, widening losses and most recently a £10 million rescue deal from its founder.
At its peak, Superdry was valued at more than half a billion pounds, but the shares have since collapsed over 97% and today is a minnow worth barely £3 million.
However, founder Julian Dunkerton, spoke of confidence in a Superdry turnaround plan when he bailed the group out in April.
"I recognise all stakeholders have made deep compromises to enable this turnaround, and I will be putting a significant amount of my own money behind this too, to ensure that the business continues to survive over the long term,” he said at the time.
Superdry has opted to move its shares to JP Jenkins, a securities-matching platform for unquoted businesses.