The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sorry Wolf I didn’t realise we were all so touchy?
Quote Dan, It's possible to make a valid point without being abusive
LoL LoL , no he has Napoleon Complex, i keep him in my pocket he does occasionally fall out apologies, LoL.
It’s the way you tell it Dan.
It’s not being abusive. It’s a fact and explains the incorrect conclusion
This is the thing. While we are bickering over a couple of slow quarters a £5bn turnover business is being built in the background.
It’s very common to have a ceo of each division and a group ceo
Rag might know that but 8 people work at his business so it’s just misunderstanding
@PM yep for all the reasons you mention i concur and it's why in the Arcadia heyday Debs and the young fashion Brands had separate management teams.
I agree ragtrade it is a big beast now and with different customer segments to satisfy. As shareholders (I’m pretty sure we still get posters on here who are actually holding shares) we all want to see growth across each brand but it’s possible that the customer offering (delivery terms, free returns, marketing strategy and even the website layout) might need to differ for certain brands to better meet its customers requirements. It’s already been discussed on here wether the test and repeat model is suitable/used for some of the brands and given the different customers by brand we already see a difference in quality and price point across the stable. It would make sense to have the right expertise in the business at the right management level within each brand/group of brands and whether that results in a bit of internal competition for the head honcho job or builds in succession planning or sets the group up to treat different parts of the organisation as separate entities who knows. But the fact that they are recruiting at this level is positive as far as I am concerned. If, as you say, Finley is of the right calibre then even more positive in my view.
At least the board appear to be concentrating on the mid to long term view even if some of the shareholders and posters on here are more aligned to the short term currently.
Let's see if he is going to buy any shares...
@PM, The Group now has so many facets to it that i think it is quite a big beast for one CEO to manage, interesting that he is actually given the CEO moniker tho!! Given that this is a Global online company and current headwinds Worldwide everyone in the sector is facing then this is a wise move, ten years across multi channel at JD under the beady eye of Peter Cowgill, Finley is no slouch.
That is interesting, setting up a bit of competition/pressure for JL or do they think that Debenhams is a different beast and will justify standing alone alongside the current bau boohoo brands? Is there potential for boohoo to build up and spin off Debenhams as a separate entity at some point in the future? One things for sure despite the current share price being somewhat in the doldrums the board are clearly not looking to slow down their growth plans and this Finley fella obviously doesn’t think he is boarding a sinking ship or he wouldn’t have accepted the role.
I’m sure this news will do little to placate the impatient amongst us and I’m equally sure the neg-heads will find something in it that proves boohoo shares will be trading in the 30-40p range by a week next Tuesday but as one who is still supping from a half full glass despite being underwater regards share price I view it as a positive.
SCB , imho i actually think it has the potential to be the main show.
Certainly looks like they are expecting debenhams to be more than a side show Rag.
Interesting and bit odd that he is not bought in as a COO to Debenhams.com, sooooo who does he report to, JL Group CEO ????orrrrrr does he leap JL and report to Mahmud Kamani. Group Executive Chairman, Carol Kane. Group Co-Founder and Executive Director.
Perhaps we are seeing the first inklings of pressure now being exerted on JL and a bit of insurance just in case.
Very good news that Rag.
Source Bella @Drapers
Boohoo Group's Debenhams.com has appointed former JD Sports Fashion group multi channel director, Daniel Finley, as its new chief executive.
Finley, who was group multi channel director at JD Sports Fashion between 2012 and January this year, has this month joined Debenhams.com as CEO.
In a social media post, Finley said: "After an incredible decade as group multichannel director at JD Sports Fashion, I decided it was time to take up a new challenge. Today (24 January), I am excited to have started my new role as chief executive of Debenhams, following it’s acquisition last year by Boohoo Group. I am delighted to take charge of a great British heritage brand and looking forward to building on the progress that the team have made since it’s acquisition."
On 25 January 2021, Boohoo Group bought Debenhams' brand and website for £55m, in a deal that excluded its 124 stores, financial services and stock.
The Debenhams website relaunched on the Boohoo Group's platform in spring 2021. In December, Debenhams.com opened its first beauty and fragrance store at the Manchester Arndale shopping centre.