Friday, 12 February 2016

SuperGroup founder sells shares worth £53m to fund divorce

Julian Dunkerton launched the SuperDry label from a market stall in Cheltenham Rex

The founder of fashion chain Supergroup, popular with celebrities including David Beckham and Helena Christensen, is selling shares worth £53m to fund his costly divorce.

Julian Dunkerton, who launched the SuperDry label from a market stall in Cheltenham, told the stock market last night that he would be selling about 5 per cent of his entire stake in the business.

The announcement came after the close of the stock market, with shares at £13.29 a pop, and follows in the footsteps of his co-founder James Holder, who was forced to sell around £20m-worth of shares three years ago to fund his own divorce.

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