ShareProphets : keywords

SDRY

PREMIUM CONTENT

Superdry – argues agreement “a fantastic opportunity to expand its global reach”, but just how “challenging” is the consumer landscape for it?!

Branded clothing, accessories and footwear company Superdry (SDRY) “is pleased to announce that it has signed an IP Transfer Agreement with Cowell Fashion Company Ltd… for the sale of Superdry’s intellectual property assets in certain countries within the Asia Pacific region, for an upfront fee of $50 million USD, payable in cash”. With Superdry’s market cap below £90 million prior to this announcement, is it good news?