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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Oct- 2024 -14 OctoberPeople Moves
Frasers Group Sport MD to step down in November
Frasers Group has announced that Ger Wright will be stepping down from her role of managing director of sport on 30 November, which has held since 2022. During her time as MD, Wright has been credited with making a “significant” contribution to the execution of the group’s elevation strategy. As…
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14 OctoberLuxury Goods
Mulberry’s majority shareholder rejects increased Frasers bid
Mulberry’s majority shareholder Challice has turned down an increased bid of £111m from Frasers Group as it has “no interest in selling”. Chalice pointed out that Frasers would be unable to take over Mulberry without its support. Frasers, which already owns 37% of Mulberry, raised its offer for the retailer…
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11 OctoberOnline & Digital
THG raises £95m to fund Ingenuity demerger
THG has raised over £95m to fund the demerger of its Ingenuity arm, which is set to become a standalone and independent company, after receiving “strong support” from new investors and existing shareholders.The oversubscribed and upsized fundraise of £95.4m comes as existing shareholders contributed around £50m, while CEO Matthew Moulding…
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11 OctoberPeople Moves
Quiz CFO to step down
Quiz has announced that Gerard Sweeney has informed the board of his intention to step down from his role as chief financial officer and company secretary. Sweeney will depart after more than eight years at the omnichannel fashion brand. According to Quiz, the recruitment process to find Sweeney’s successor has…
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9 OctoberSport & Leisure
Angling Direct revenues rise to £45.8m
Angling Direct, the fishing equipment retailer, has announced a 5.6% increase in revenues to £45.8m for the six months ended 31 July 2024. The group’s store sales were up 8.4% to £26.4m, while its online sales rose 2.8% to £17.0m. Like-for-like store sales also increased by 1.8% underpinned by improved…
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8 OctoberOnline & Digital
Very Group owners to appoint banks ahead of potential £2.5bn sale
The owners of the Very Group, the Barclay family, have reportedly appointed banks as they eye a £2.5bn sale of the group, according to reports from Sky News. The board, now chaired by former chancellor Nadhim Zahawi, is lining up Barclays, JP Morgan and Morgan Stanley to handle a strategic…
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8 OctoberNews
Matalan CEO steps down
Matalan, the omnichannel retailer for families, has announced that Jo Whitfield, chief executive officer, has decided to step down from the business to pursue a portfolio career. Under her leadership, the brand has made “significant” progress, rebuilding the top team and re-establishing its value credentials. Karl-Heinz Holland, chair of the…
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7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberSupermarkets
John Lewis CEO Kanikwala to revert to NED role
John Lewis Partnership has revealed chief executive officer Nish Kankiwala and the Partnership’s board have agreed that he will revert back to a non-executive role by March 2025, supporting chairman Jason Tarry and the board. The role of CEO will not be directly replaced and Tarry will chair the executive…
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4 OctoberPeople Moves
M&S Clothing & Home MD joins Refined Networks as NED
M&S Clothing and Home managing director Richard Price has been appointed as a non-executive director at Refined Networks, the global platform for cross-border digital commerce. The non-executive appointment comes at a time of rapid expansion for Refined Networks. Since 2021, the company has partnered with over 40 international fashion brands…
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