Superdry Plc (GB:SDRY) has released an update.
Superdry Plc has successfully secured creditor support for its restructuring plan, with an overwhelming 99% of voting Plan Creditors approving the proposal. This favorable outcome at the Plan Creditors’ meetings is a critical step in the company’s comprehensive Capital and Restructuring Measures, which aim to prevent insolvency and put Superdry on a path to sustainable future success. The next phase involves a shareholders’ vote followed by High Court approval, positioning the company to accelerate its turnaround plan.
For further insights into GB:SDRY stock, check out TipRanks’ Stock Analysis page.
