Superdry turnaround will take up to two years, says co-founder

Julian Dunkerton recently returned to UK retailer, which made a pre-tax loss of £85.4m

The returning co-founder of Superdry has said it will take up to two years to fix the struggling British fashion group after it slumped to an £85.4m annual loss.

Julian Dunkerton is now the interim chief executive, as well as the group’s largest shareholder after winning a bitter battle to rejoin the board in April, prompting the resignation of all its directors. He said its performance in the new financial year would “reflect market conditions and the [historical] issues inherited”, with sales likely to fall.

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