Group president and senior executive vice-president
TJX Europe

Despite keeping a low-profile, Sweetenham has been propelled up the power list this year as he will oversee huge European expansion plans for retailers TK Maxx and HomeSense.

TJX Europe has benefited from the flight to value by cash-strapped consumers and its proposition of designer brands discounted by up to 60 per cent has led to sales that have bucked the downturn. Sales at the European division in the first quarter to May 2 were up 6 per cent on a like-for-like basis, with profits soaring 42 per cent to Story text5.5m (£9.5m).

Well-known and liked in the fashion world, Sweetenham wants a 275-store TK Maxx chain in the UK and Ireland, as many as 300 TK Maxx stores in Germany and between 100 and 150 HomeSense stores.