The co-founder of clothing firm Superdry has been found guilty of raping a woman after a night out drinking.

James Holder, 54, had gone back to the woman’s home, went to the toilet and then promptly fell asleep on her bed snoring.

The multi-millionaire fashion boss then woke up and beckoned the woman, who was trying to sleep in the lounge, into her bedroom and raped her.

Holder had denied charges of assault by penetration and rape and said what sexual activity took place between them was consensual.

A jury at Gloucester Crown Court, sitting in Cirencester, acquitted Holder of assault by penetration but found him guilty of rape.