Superdry to exit stock market under plans to save firm from administration

Gloucestershire-headquartered fashion chain Superdry has announced a major restructure in a bid to prevent the company entering administration. The Cheltenham-based firm will delist from the stock exchange as part of the proposals so it can carry out its plans away “from the heightened exposure of public markets”. Superdry told shareholders on Tuesday (April 16) that it's also planning rent reductions on 39 sites and an equity raise as part of plans to keep the business afloat. The retailer is looking …