
Asda — owner of the giant George clothing brand — has reportedly paused its search for a new CEO as one of its new owners is now more heavily involved in its running on a day to day basis.
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Asda — owner of the giant George clothing brand — has reportedly paused its search for a new CEO as one of its new owners is now more heavily involved in its running on a day to day basis.
Stuart Rose has been appointed chairman of UK supermarket giant Asda as of next month. The UK retail veteran, who stepped down as chair of Ocado earlier this year, will lead the board’s search for a new chief executive.
The former boss of M&S and Arcadia could become chairman of Asda under its new owners with Stuart Rose — now Lord Rose of Monewden — reportedly having been lined up for the role.
Giant fashion group Arcadia is believed to be on the verge of the worst UK corporate collapse of the Covid crisis, with the firm expected to go into administration as early as Monday. This would put 13,000 jobs at risk.
Multichannel British lifestyle brand FatFace has named Colin Porter as its new non-executive chairman, replacing Stuart Rose who left in the autumn.
Fat Face is on the verge of being taken over by its lenders, that include banks and debt funds, in a debt-for-equity swap designed to drastically reduce the firm’s borrowings and help it weather the coronavirus storm.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
Blue Inc, the under-pressure UK value fashion retailer is trying to bounce back from tough times on the UK high street and believes international digital growth is the way forward.
M&S may have seen a lot of change over the past 20 years but it hasn’t really got to grips with the changes that have happened in the retail sector and that’s what’s causing its current woes, says its new chairman.
Hope, British fashion brand for women over 40, has raised nearly £550,000 on Crowdcube beating its original target of £500,000 and attracting more than 400 investors.