Superdry has delisted from the London Stock Exchange (LSE) after spending 14 years on the market.

Today marks the final day of the UK fashion brand’s listing on the LSE, and from Monday, it will trade on the JP Jenkins securities matching platform.

Earlier this year, Superdry outlined plans to leave the LSE in order to achieve a "new, more financially sustainable, target operating model", adding that delisting would "achieve significant annual cost savings".

The fashion retailer has been struggling financially in recent months, after its founder and chief executive officer, Julian Dunkerton, withdrew a takeover bid, which saw its share price drop by over 50%.

Under the restructuring plans, the firm also plans to introduce rent reductions on 39 UK sites, and an extension of the maturity date of loans made under the group’s debt facility agreements with Bantry Bay and Hilco, which are the secured lenders for the plan.

In April, Dunkerton said: "At its heart, these proposals are putting the business on the right footing to secure its long-term future following a period of unprecedented challenges. I am aware of the implications for all our stakeholders and I have sought to protect their interests as much as possible in the proposals we are announcing today.

"My decision to underwrite this equity raise demonstrates my continued commitment to Superdry, its stakeholders, its suppliers and the people who work for it. My passion for this great British brand remains as strong today as it was when I founded the business."

---