THE founder of the Superdry label, sported by stars such as David Beckham, was yesterday set to reap almost £80m after completing the transformation from market stall to stock market company.

Chief executive Julian Dunkerton has built up label owner Super- Group from a market stall in Cheltenham more than 20 years ago into a chain with 40 stores and 54 concessions in House of Fraser.

The float of 31.6% of SuperGroup values the overall company at £395m, while Mr Dunkerton’s stake falls from 53% to 33%, still giving him a £130m share of the business.

His partners, brand designer James Holder and international head Theo Karpathios, will also pick up multi-million-pound payouts as their stake falls to 15%.

The owners are taking £105m out of the business in total through the float, with a further £15m earmarked to fund growth.

Educational whiteboards firm Promethean also confirmed a launch price yesterday which values the firm at around £400m.

The group is selling 46.4% of the business through the issue of new shares, as well as private equity firm Apax selling its 25% stake.

The move will leave 10.4% of shares in the hands of senior directors, although staff at its headquarters in Blackburn will learn next week the scale of their own windfall.

Promethean founder Tony Cann is selling around 7% of his stake, leaving him with a 39.6% share in the business valued at around £160m. The £28m proceeds will repay loans to the company he has made over several years.

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