Superdry has confirmed its restructuring plan, which will result in “material cash savings from rent and business rate compromises” over the three years of its restructuring plan. The plan does not include the closure of any stores but landlords would have the option to terminate the lease if they were not satisfied with the terms of the deal. The three elements - the restructuring plan, equity raise and delisting from the stock market - will allow the retailer to “return to a more stable footing, accelerate its turnaround plan and drive it towards a viable and sustainable future”.