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Hedge fund buys Superdry stake, cites confidence in turnaround strategy

Hedge fund Gatemore Capital Management has bought a 3.37 percent stake in British fashion retailer Superdry, saying it has confidence in CEO and founder Julian Dunkerton’s turnaround strategy. “Superdry has shown strong resilience despite a challenging trading environment in recent months, and we are confident the business is poised to benefit...

21 Jul 2020