Superdry co-founder donates £1.2m to charity.

Julian Dunkerton, one of the founders of cult fashion label Superdry, has pledged to give over £1m in shares in the company to Blue Marine – a charity founded to protect the oceans.

The announcement came alongside the news that Dunkerton will be leaving the company to focus on other projects, including charity work.

Dunkerton, who stepped down from his position of Director on March 31st, is currently the company’s largest shareholder with a stake of around 25%. He made £17.8m in January after selling some of his shares, and sold £50m worth in 2016.

The news of Dunkerton’s departure caused Superdry shares to fall 6.5% to £15.43.

Full story at LDN Fashion