Superdry's top shareholder and CEO Julian Dunkerton is looking at a cash offer for the shares not already owned by him, among other options, for the embattled British fashion retailer.
Shares of the company more than doubled to 43.2 pence today, leading gains across London stocks.
"These discussions are at a preliminary stage and no decisions have been made," Superdry said in a statement.
Dunkerton holds a 26% stake in the company, which is grappling with weak demand and a cash crunch.
Last week, Superdry said it does not expect market conditions to improve in the near term after a tough Christmas season, adding that its finance chief Shaun Wills will step down at the end of March.
