Superdry co-founder sells £53m shares to fund his divorce

Julian Dunkerton, 50, from Cheltenham, the multi-millionaire boss of Superdry clothing chain, with 500 stores worldwide in 40 countries, famous for its hooded tops and T-shirts, which he built up from a market stall, funded by a £2000 loan from his father in the 1980s,  to pay for his divorce, has, sold four million shares worth £53million around £12 a share, in the firm. The company co-founded with James Holder, founded in 2003, listed on the London Stock Exchange over six years ago, at a value of £1.2bn.  In 2015, shares rose sharply, after business plans were announced plans to move into China and signed up with Luther star  Idris Elba to front a premium clothing range. James Holder also sold £20m of shares to fund his divorce in 2013.  The brand got its break when David Beckham wore one of its Osaka 6 T-shirts on the cover of his 2005 calender. Julian, who founded Superdry in 1985 from a market stall in Cheltenham, still remains the largest shareholder with a 27.2 per cent  stake in the group worth around £292m. Shares fell six per cent.

He has two children with his glamorous wife Charlotte 41, lived in a £3.25m seven-bedroom grade II listed farmhouse in Lower Dowdeswell, outside Cheltenham and spent £2m renovating the property.  Julian also owns several bars and restaurants and coffee chain and has a personal wealth of £263million.