Clive Hatchard, former chief finance officer of collapsed retailer Land of Leather, has emerged as the third senior executive of a failed retailer to be linked with Allied Carpets about a possible position at the company.
The news comes after Retail Week today revealed that former bosses of failed retailers Woolworths and MFI have also been drafted in to help turn around the beleaguered Allied Carpets, which hit the wall and was bought out of pre-pack administration last week.
Hatchard said it was too early to confirm what role he might play.
He said: “It’s not set in stone. Everything’s fluid at the moment.”
Steve Johnson, former chief executive of Woolworths, and Gary Favell, who headed defunct retailer MFI, have also been retained by Allied Carpets’ backer Valco Capital Partners, the private equity arm of restructuring specialist Hilco.
Land of Leather collapsed into administration in January citing “challenging market conditions as a result of the credit crunch and lack of consumer spending on bigger ticket retail purchases”.
Land of Leather founders Paul Briant, Steve Dowdall and Peter Ling have set up a new furniture chain, World of Sofas. The first store is set to open in August.