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SuperGroup CFO forced to step down after bankruptcy

SHARES in fashion retailer SuperGroup tumbled this morning after its chief financial officer was forced to step down after being declared bankrupt.

Shaun Wills, who joined the company behind the SuperDry brand from Habitat three years ago, has resigned with immediate effect. The company said Wills was made the subject of a personal bankruptcy order on 10 February.

Investors appeared unimpressed with the revelation. SuperGroup shares were down 3% in morning trading on the London Stock Exchange.

“This is a personal matter, on which SuperGroup will not comment further, and is wholly unrelated to the financial position of the company,” it said in a statement, adding that trading remains in line with previous guidance.

Nick Wharton, previously CEO of Dunelm Group and before that CFO of Halfords Group, has been appointed as interim CFO with immediate effect from today.

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