New Look CEO to step down from high street fashion chain

Wilton Vinck

September 2021’s CVA was New Look’s 2nd in two a long time. (Picture by Chris J Ratcliffe/Getty Visuals)

The CEO of New Glance, Nigel Oddy, will stage down from the helm of the substantial street manner chain.

The retailer stated a hunt to decide on a successor was “currently nicely-advanced”, with a even further announcement to arrive in due class.

Oddy navigated the business by two Business Voluntary Arrangement (CVA) restructuring processes and shuttered 39 retailers, following getting promoted from chief running business office to major manager in 2019.

Although New Appear was strike hard by higher avenue closures amid the pandemic, it has returned to gain this yr.

“With the business obtaining successfully appear by Covid and with a reliable system now in area for potential development, this is the correct second for me to action down as chief government,” Oddy said.

Mike Coupe, chairman of New Appear, reported: “I would like to thank Nigel for his challenging function and management more than the past a few years.

“He has been instrumental in guaranteeing that New Glance is on the firm footing it is now and he leaves the business with strengthened operational foundations in put.

With a portfolio of some 400 stores across the United kingdom, the substantial street retailer has enjoyed a return of consumers on the lookout for celebration and holiday getaway outfits.

Nevertheless, there has been problem throughout the higher street that customers will pull back again amid historic inflation.

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