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Hedge fund Gatemore takes 3.37% stake in Superdry

FILE PHOTO: A woman walks past a window display at a Superdry store in London, Britain, March 1, 2019. REUTERS/Toby Melville

LONDON (Reuters) - Hedge fund Gatemore Capital on Monday said it had built a 3.37% stake in UK retailer Superdry SDRY.L and expected it to benefit from changing consumer trends as a result of the coronavirus pandemic.

“Superdry has shown strong resilience despite a challenging trading environment in recent months, and we are confident the business is poised to benefit from the trend towards casualwear which has been accelerated by Covid-19,” Liad Meidar, Managing Partner at Gatemore, said in a statement.

Reporting by Maiya Keidan

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