Oasis and Warehouse boss leaves for rival fashion retailer Fat Face

0
45



Family fashion chain Fat Face has poached the boss of Oasis and Warehouse to become its new chief executive.

Liz Evans will take the job in January next year, succeeding Anthony Thompson who is departing Fat Face after nine years in charge.

Ms Evans joined women’s fashion brand Oasis in 2010 after a string of roles at Marks & Spencer.

The switch has prompted Oasis and Warehouse to promote Hash Ladha to chief executive. Mr Ladha is a former ASOS and New Look director who has been chief operating officer since 2015.

The changes come during a turbulent times for the retail sector. Bricks-and-mortar stores have come under pressure from a fall in consumer confidence, low footfall and higher trading costs.

Lord Rose, chairman of Fat Face, said Ms Evans would bring “substantial experience” having worked in the UK and international clothing market.

He added: “Liz also joins at a positive time for the FatFace brand as trading is resilient and we are seeing the benefit of key infrastructure investment.”

Fat Face, which is owned by private equity outfit Bridgepoint, brushed off the tough trading conditions to boost total sales by 7.4pc to £238.4m in the year to June 2. Adjusted earnings climbed 5.6pc to £30.2m, as the retailer opened five new stores in America.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here