Fashion retailer New Look has bolstered its board with a raft of big names and founder Tom Singh is to retire.
New Look, which completed a financial restructuring last month and where executive chairman Alistair McGeorge is leading a turnaround along with recently appointed chief operating officer Nigel Oddy, has drafted in four experienced retailers as non-executive diretors.
They will be joined by former Jaeger chief executive Colin Henry and ex-Snow+Rock boss and Jack Wolfskin chair Richard Cotter.
Singh will retire at the end of this month. He said: “I’m incredibly proud of all that we have achieved at New Look over the past 50 years. There have been many challenges, but I have been fortunate to work with inspiring and dedicated teams.
“Thanks to their hard work, and New Look’s loyal customers, the brand has remained a leader in the highly competitive womenswear market. With the financial restructuring now complete, I look forward to seeing the company develop successfully.”
McGeorge said: “I would like to thank Tom for his immense contribution to New Look. His vision in pioneering ‘fast fashion’ has supported New Look’s growth from a single shop in Taunton into a leader. We look forward to continuing Tom’s legacy and further strengthening New Look’s market position.”
McGeorge said of the new board appointments: “They bring a wealth of retail experience and expertise that New Look will benefit from as we continue our turnaround and rebuild our position in the UK womenswear market following the successful completion of our financial restructuring