Superdry shares take a 55% dive after CEO drops plan to buy out troubled fashion retailer 

Discussions are continuing with CEO Julian Dunkerton over an alternative deal, which could include an equity raise underwritten by Mr Dunkerton, with this providing additional liquidity for the company’s turnaround plan

Retailer has about 3,350 staff working across 215 stores, including nine outlets across Ireland, north and south.

Shares in Superdry closed over 55% lower on Tuesday in the first trading session after its chief executive said before the Easter weekend that he wouldn't after all be buying out the troubled retailer. 

The company had announced after markets closed on Thursday that Julian Dunkerton, the founder and chief executive of Superdry, had opted against a takeover after a two-month pursuit.