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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May- 2023 -5 MayPeople Moves
Stone Islands appoints Robert Triefus as CEO
Moncler Group and Sportswear Company S.p.A., the company that develops, produces, and distributes the Stone Island brand, has announced the appointment of Robert Triefus as chief executive officer, effective 1 June, 2023. Triefus will report to the board of directors of Sportswear Company S.p.A. chaired by Carlo Rivetti. Triefus joins…
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5 MayElectrical
Apple’s revenue recovers amid March iPhone sales boost
Apple has revealed that March iPhone sales have set an all-time high record in its service division, as revenue for the second quarter topped $94.8bn (£75.1bn) compared to a predicted $92.9bn (£73.6bn). While the group’s revenue for the quarter spells a 3% year-on-year decrease, the group has declared a cash…
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4 MayHealth & Beauty
Mothercare enters refinancing talks ahead of FY results
Mothercare has kicked off refinancing talks with its lender in a bid to renegotiate or refinance its debt facility amid rising interest rates, whilst welcoming “resilient” trading over the last year. The group expects to report adjusted EBITDA of £6.5m to £7m for FY23, which would be ahead of analysts’…
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4 MayOnline & Digital
Virgin Wines sales to be lower than expected in FY23
Virgin Wines expects FY23 sales to be “slightly” lower than market expectations at around £60m, with the group’s underlying profit before tax to be in the region of £0.5m and £1m. This comes as the wine retailer experienced operational issues with its software, which affected the implementation of the new…
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3 MayPeople Moves
John Lewis Partnership appoints new audit and risk committee chair
The John Lewis Partnership has appointed Nicky Dulieu to its board, where she will become chair of the audit and risk committee as well as a non-executive director. Joining with immediate effect, Dulieu succeeds Andy Martin, who has stepped down from the role after five years with the group. She…
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3 MayAnalysis
Will retailers of organic produce make a comeback?
Whole Foods, which was acquired by Amazon in August 2017, started off the year with a cut-and-dried plan to invest profits strategically. In what CEO Jason Buechel called “a 10-year vision for leading the company into the future”, the organic produce retailer aims to set records for new store growth,…
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3 MayHigh Street
Hotel Chocolat appoints new chair
Hotel Chocolat Group plc, a direct-to-consumer premium chocolate brand, has announced the appointment of Stephen Alexander as the company’s non-executive chair, effective on 5 May 2023. Alexander has held numerous chair roles of public and private equity-backed companies, predominantly in the consumer sector, for more than 20 years, including Dairy…
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3 MayOnline & Digital
Third of Ocado shareholders vote against CEO’s £2m pay packet
Around 30% of shareholders at Ocado have voted against a measure that would see CEO Tim Steiner receive a £2m pay packet. In its AGM held yesterday (2 May), 492,647,838, or 70% of votes were in favour of the remuneration package while 212,534,897 votes were against it. It comes as…
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3 MayNews
Watches of Switzerland CFO steps down
Watches of Switzerland, one of the UK’s largest luxury watch retailers, has recently announced that Bill Floydd will step down as chief financial officer from 12 May 2023. He will be succeeded by Anders Romberg, who previously served as the group’s CFO for seven years from 2014 to 2021. Floydd…
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2 MayClothing & Shoes
Superdry in talks for £15m share sale
Superdry has confirmed that it is in talks to raise capital which, according to Sky News, could be worth around £15m. Sky also discovered that the company could unveil a cash call as soon as next week after discussions with City investors. This news follows the announcement last month that…
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