// Superdry has revealed chairman Peter Bamford will step down by end of year
// Bamford has been a part of Superdry’s board for the past 9 years
// Julian Dunkerton recently revealed his aim to return to the company
Superdry chairman Peter Bamford has said he will step down by the end of the year, The Sunday Times reported earlier this week.
Bamford has been a part of Superdry’s board for the past nine years.
The Sunday Times said the move would ”heighten the focus” on chief executive Euan Sutherland.
Superdry co-founder Julian Dunkerton has been grabbing headlines in recent months over his ambition to return after stepping down last year, and for his public criticism of the fashion retailer’s business strategies.
Dunkerton also retails an 18 per cent stake in the buisness.
Following the last annual meeting in September, Superdry reported that Bamford has agreed to stay with the company until the next annual meeting this September.
It added that the board retained “the discretion to invite Peter to continue to serve as chairman for a further period”.
Furthermore, the retailer announced a 5.4 per cent rise in global brand revenue for the 13 weeks to January 26.