Superdry shares surged over 100% as co-founder and CEO Julian Dunkerton considers taking the embattled fashion retailer private. The stock reached 48.55 pence per share before settling at around 46 pence per share. Speculation of a takeover has increased following a decline in sales and share price, and Norwegian hedge fund First Seagull's acquisition of a 5.3% stake. Dunkerton has requested permission to explore making an offer for the company and has until March 1 to submit a bid or withdraw. Superdry's share price has steadily fallen amid the UK's cost-of-living crisis.

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