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Superdry chairman to step down

Peter Bamford, chairman of Superdry, has indicated that he will step down by the end of the year, The Sunday Times reports. 

Bamford has been on the Superdry board for nine years, which under corporate governance rules, is the limit a person can serve on a board for.

The newspaper said the move will ”heighten the focus” on Euan Sutherland, chief executive of SuperGroup, which owns fashion brand Superdry. 

It comes after it was reported that Superdry co-founder Julian Dunkerton, who owns 18% of shares of the business, is plotting a shareholder vote to force his return the company.

Meanwhile, Superdry announced a 5.4% rise in global brand revenue for the 13 weeks to 26 January 2019. 

Superdry declined to comment when contacted by Drapers. 

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