Board
This coverage highlights board-level developments shaping the UK retail industry, from executive appointments and leadership reshuffles to governance strategy and corporate direction. Retail Sector reports on boardroom changes across major retail brands, supermarkets, and e-commerce operators, analysing how leadership decisions influence company performance, culture, and market positioning. Coverage includes director appointments, succession planning, governance best practices, and strategic decision-making at the highest levels. For retail professionals, these insights illuminate how leadership dynamics drive operational change, investor confidence, and long-term growth across the sector.
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Mar- 2021 -15 MarchClothing & Shoes
LionRock capital completes Clarks deal
LionRock Capital has confirmed the completion of its partnership with Clarks, as initially announced on 4 November 2020, which will see it acquire a majority stake in the business for an investment of ยฃ100m. The board has also announced the appointment of Victor Herrero as executive chairman and CEO, replacing…
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15 MarchShopping Centres
Hammerson confirms board reshuffle
Shopping centre operator Hammerson has announced a number of changes to the composition of its board members. Pierre Bouchut, non-executive director and chair of the audit committee has revealed that he will not be standing for re-election at the 2021 annual general meeting (AGM). In turn, Mike Butterworth will take…
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12 MarchSupermarkets
Sainsburyโs announces director appointment
J Sainsbury plc has announced the appointment of Adrian Hennah to its board as a non-executive director. Hennah is set to join the groupโs audit committee and nomination committee on 1 April 2021, and will then act as chair of the audit committee following an AGM. David Keens, the current…
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12 MarchComment
PCI – whose problem is it, anyway?
Remember when the General Data Protection Regulation (GDPR) legislation hit in the UK? Well, it came out in May 2018, and firms are still struggling to come to terms with it. There are big names out there whoโve been hit for six with the big stick that is GDPR –…
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11 MarchNews
Levi Strauss & Co board chair to retire
Levi Strauss & Co has announced that Stephen C. Neal, the current board chair, will step down on 26 March, 2021, after reaching the mandatory board retirement age of 72. In his place, the board has unanimously appointed Robert A. Eckert to succeed Neal as board chair, effective 26 March,…
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10 MarchNews
Next acquires 25% equity stake in Reiss
Next has announced it has entered into a long-term, strategic partnership with Reiss whereby it will acquire a 25% equity stake in the retailer. The move will enable both retailers to leverage their respective strengths and generate strong future growth at a valuation of ยฃ200m, it also aims to combine…
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10 MarchClothing & Shoes
Inditex profits fall to โฌ1.1bn despite strong online sales
Inditex, the parent company of fashion retailers Zara and Massimo Dutti, has revealed a fall in profits to โฌ1.1bn (ยฃ940m) for the financial year ending 31 January 2021 – as Covid-19 forced many of its stores to close. The retail group revealed that its sales fell 28% to โฌ20.4bn (ยฃ17.4bn),…
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10 MarchComment
Choosing the right growth strategy for your e-commerce business
Why growth strategies dictate funding requirements Businessesย should think carefully aboutย what theย rightย type of investor looks like for themย and what types of investments they should make themselves.ย The type of investor you work with is best dictated by the amount of funding required and what itโs needed for. Broadly speaking there are two…
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8 MarchHigh Street
Shoe Zone swings to ยฃ14.6m pre-tax loss
Shoe Zone has posted a loss-before-tax of ยฃ14.6m for the 52 weeks to October 2020, following a loss of trade due to Covid-19.ย The store which employs 3,000 people across the UK, also revealed that revenues decreased by 24.3% to ยฃ122.6m. In addition, the group generated net cash earnings of…
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8 MarchPeople Moves
BCC appoints new director general
The Board of the British Chambers of Commerce (BCC) has announced the appointment of Shevaun Haviland as its new director general. She will succeed Dr Adam Marshall who will step down on Wednesday 31 March after five years at the helm and 12 years with the organisation. Haviland joined the…
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