Leading City law firm Fox Williams has acted in the highest profile retail IPO of the year by advising existing client, SuperGroup PLC (“SuperGroup” or the “Company”) on its £125 million fundraising and listing on the main market of London Stock Exchange plc. SuperGroup, which owns the Cult chain of shops and fashion label Superdry, is now valued at £395 million.

Superdry, the Company’s leading brand was launched only six years ago and is the brainchild of Julian Dunkerton and the creator of the Bench brand, James Holder. SuperGroup has 40 standalone stores and operates 54 concessions in House of Fraser, where it is one of the bestselling menswear labels. Today, Superdry is sold in over 30 countries and the group also has wholesale and online operations.

SuperGroup is a long-standing client of Fox Williams with the law firm having advised the Company on trademark registration and protection in over 40 countries, registering designs in four major markets and handling its increasing franchise rollout. The team was led by Fox Williams Capital Markets partner, James Channo, and also featured partners from practice areas such as Employment and Banking. Relationship partner and Head of the Fashion Law Group Steve Sidkin Group advised on commercial and intellectual property law issues.

Commenting on the listing, James Channo said:
“We’re excited to have acted for longstanding client SuperGroup on its IPO which bucks the trend in the current IPO market where proposed listings have not progressed due to volatile market conditions. This listing was innovative in that it combined both an institutional and retail offer which has helped to raise publicity around the float of a company that is going from strength to strength in the fashion world and is now ready to embark on the next stage of its growth. The listing also called on the skills of a number of teams within Fox Williams and we look forward to continued success working with SuperGroup.”

Julian Dunkerton, SuperGroup founder and Director, commented:
“We are delighted with the professional and supportive manner in which the Fox Williams team has helped us to achieve this listing. Their dynamism helped guide SuperGroup  through this exciting period in the company’s life. Fox Williams really understands our business and ensured that the IPO process ran smoothly for management.”


SuperGroup released a trading statement for the year to 2 May 2010 showing full year group sales soaring 83% to £139million.

 

Register for updates

Search

Search

Portfolio Close
Portfolio list
Title CV Email

Remove All

Download