Julian Dunkerton, founder of SuperGroup is set to have his shares valued at over £1million if the flotation goes ahead. And what a great success story.
The business was started on a market stall 25 years ago, with a £2000 loan and a £40-a-week Enterprise Allowance Scheme grant. Julian Dunkerton was just twenty when he set up a stall in Cheltenham's indoor market with his friend, Ian Hibbs. According to a recent article in The Times, Mr Dunkerton is from Herefordshire and, when he realised London fashion hadn't travelled that far, he started selling clothes that he brought back on the train with him from the capital.
Over it's first 15 years, the business built up half a dozen shops. But, since Julian bought his business partner out, he has grown to 40 stores and 54 concessions within House of Fraser outlets. His clothes, under the brands of SuperDry, Cult Clothing and 77 Breed are favoured by the likes of David Beckham and Jude Law.
The business is debt-free, growing fast and has a massive global opportunity according to it's owner. It might have taken 25 years, but it looks likely to have been worth the wait!
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