fb

ACCA SPRING SALE 25% OFF

Superdry or Superdivorce?

Superdry or Superdivorce?

Superdry is one of the world’s top fashion brands. The business was created in 2003 by Julian Dunkerton and James Holder.

Mr Dunkerton originally wanted to be a doctor but after performing badly in his A-level exams he got a loan of £2,000 from his father to start a business selling clothes from a local market stall in 1985.

Mr Holder created the Bench brand in 1992.

They got together in 2003 to create Superdry and since then things have been going well for them on the business front. Superdry products are now sold in over 100 countries with the company running around 500 stores around the world.

Shares in the retailer though recently fell by 6% and the reason for the fall was quite unusual as it involved selling a significant number of shares to fund a divorce.

Mr Dunkerton sold off 4 million of his shares in the company at £12 per share. The £48 million he got from the share sale will go towards funding his divorce as Mr Dunkerton had to sell the shares to pay for a divorce settlement with his ex-wife.

Now £48 million is a lot of money in anyone’s books and I’m sure Mr Dunkerton’s ex-wife is appreciative of that amount of money but there’s no need to feel sorry for Mr Dunkerton when it comes to his personal wealth as he still has a 27% stake in the business which is worth around £292 million.

Interestingly, the co-founder of the Superdry brand, Mr Holder, also had to sell shares because of a divorce. Back in 2013 he sold £20 million worth of shares to fund his divorce.

Some pretty significant figures for share sales to fund divorce settlements and given the amounts involved it’s not clear whether any of the husbands or wives of the other significant shareholders in Superdry are currently consulting divorce lawyers…

Share this entry

Related articles

View All Articles

Recent articles

View All Articles
Big 4 beware: Unity’s got $300M and no audit drama…
Apr 29, 2025
Title
Big 4 beware: Unity’s got $300M and no audit drama…
Excerpt

The former boss of EY and the former chief operating officer of PwC in the UK, are launching […]

Nothing to whine about…
Apr 22, 2025
Title
Nothing to whine about…
Excerpt

The wine industry, steeped in centuries of tradition, is experiencing a shake-up that’s sparking debate among enthusiasts and […]

PwC exits 9 African countries
Apr 18, 2025
Title
PwC exits 9 African countries
Excerpt

PwC, one of the Big Four accounting firms, recently announced the closure of its operations in nine Sub-Saharan […]

Using AI to reward staff
Apr 12, 2025
Title
Using AI to reward staff
Excerpt

In a bold move that combines innovation with employee incentives, UK-based law firm Shoosmiths has become the first […]

Barking up the right tree?
Apr 07, 2025
Title
Barking up the right tree?
Excerpt

In a world where businesses are constantly seeking that elusive “wow” factor to stand out, a historic Parisian […]

10 reasons CFOs are leaving…
Apr 02, 2025
Title
10 reasons CFOs are leaving…
Excerpt

Last year, chief financial officers (CFOs) left their roles at the fastest rate in six years, according to […]

Women at the top: EY becomes first Big 4 firm with dual female leaders
Apr 01, 2025
Title
Women at the top: EY becomes first Big 4 firm with dual female leaders
Excerpt

EY has just made history – Alison Duncan will take over as UK Chair of EY, joining forces […]

When Audits Fail: PwC, Wyelands Bank, and the £2.9M Mistake
Mar 26, 2025
Title
When Audits Fail: PwC, Wyelands Bank, and the £2.9M Mistake
Excerpt

What happens when auditors fail to properly understand the business they’re auditing? That’s the question at the heart […]