Superdry CFO steps down

Superdry has announced CFO Nick Gresham will step down from the company with immediate effect.

The fashion retailer said a search for a permanent replacement is due to start whilst an interim will be allocated in his place.

The brand recently announced an overall 210% decline in profit before tax to £41.8m against the prior year attributing to the Covid-19 temporary closure of all stores in March.

In addition, total revenue fell 19.2% to £704.4m in the same period due to the continued disruption in trading patterns.

Gresham joined the brand last year in August, having previously worked at Oak Furniture Land as well as finance director for Homebase.

Julian Dunkerton, CEO of Superdry, said: “Nick joined Superdry at a time of significant change and challenge in the business. He has played an important role in putting the Company in a stronger position than it was before.

“He joined and helped to steer Superdry through the impact of the COVID pandemic. I would like to personally thank Nick for all his efforts in supporting me, the Company and all our stakeholders. I wish him all the best for the future.”