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- 2019 -8 MarchDepartment Stores
Mike Ashley moves to take control of Debenhams
Mike Ashley has announced plans to remove all the directors at Debenhams, except Rachel Osborne who was appointed in September, and appoint himself to the board in an executive role. Ashley, who holds a 30% stake in the department store chain, pledged in a stock exchange announcement on Thursday evening…
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7 MarchClothing & Shoes
Quiz shares plunge following sales ‘shortfall’
Quiz, the omni‐channel fashion brand, has seen its shares plummet after it announced it will launch a “thorough review” of its business following a “significant shortfall” in sales. At the time of writing shares, in Quiz have fallen by 50% after it revealed in a trading update covering the 1…
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6 MarchHigh Street
Findel rejects Sports Direct’s takeover bid
Findel’s board of directors has unanimously rejected Sports Direct’s £139m bid it has, saying the offer “significantly undervalues” the company. The news comes after the company agreed to buy shares in Findel worth £9.7m, taking its stake in the Accrington-based business from 29.9% to 36.8%. Under takeover rules any investor…
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6 MarchClothing & Shoes
Ann Summers seduces former HoF and Game directors
Ann Summers has appointed Game’s chief marketing officer Natalie Amosu and House of Fraser’s former product and trading director Marian Collins, to newly created roles. Collins is expected to work with current managing director Vanessa Gold and chief executive Jacqueline Gold, while it is uncertain which department Amosu will work…
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4 MarchPeople Moves
Ted Baker founder resigns amid misconduct allegations
Ted Baker founder Ray Kelvin has resigned from his position as CEO and director of the fashion retailer with immediate effect, amid allegations of misconduct. Kelvin took a voluntary leave of absence from his role in December 2018, after the allegations of misconduct were made against him, and since that…
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1 MarchClothing & Shoes
Gap to close 230 stores
Fashion retailer Gap will close 230 of its stores over the next two years as part of a plan to “revitalise” its brand health. The company estimates an annualised sales loss of approximately $625m (£471m) as a result of these closures. Additionally, the company estimates pre-tax costs associated with these…
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Feb- 2019 -26 FebruaryClothing & Shoes
Karren Brady leaves Arcadia Group
Karren Brady has left her role as chairman at Philip Green’s Taveta, the company behind Arcadia Group. Earlier this month Brady said she had a “duty” to employees to remain in her role, with her support for Green’s business under pressure following staff allegations of sexual harassment, racial abuse and…
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26 FebruaryClothing & Shoes
Laura Ashley faces £20m takeover bid
Struggling retail company Laura Ashley could be bought out by investment firm Flacks Group, it has been confirmed. The investment company released a statement in response to speculative media reports, which suggested there would be a possible buyout of the retailer. Laura Ashley denied the claims on Monday 25 February…
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26 FebruaryPeople Moves
N Brown Group appoints Steve Johnson as new CEO
Online retailer N Brown Group has appointed Steve Johnson as CEO with immediate effect. Johnson was appointed interim CEO in September 2018, having previously acted as CEO of financial services for the group. He joined N Brown from Shop Direct, where he was financial services marketing and product director for…
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25 FebruaryShopping Centres
Hammerson reports £268m loss and eyes further disposals
Shopping centre owner Hammerson has reported a loss of £268.1m in its 2018 FY results, also announcing it aims to make £500m in disposals this year. For the period ending 31 December the group saw its revenues drop 9% to £292m, Hammerson said the loss follows “a tough year particularly…
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