(Sharecast News) - Department store chain Debenhams said on Friday that it has appointed House of Fraser veteran Mark Gifford as chairman of its parent company.
Debenhams said Gifford has a wealth of experience in large scale turnarounds, "bringing stability to retail businesses and delivering change and growth in the consumer sector".
He is currently chairman of Radley Group and a non-executive director of Ann Summers' parent GGI. He was chief financial officer of Game Digital from 2015 to 2018 and CFO of House of Fraser for eight years.
Debenhams chief executive officer Stefaan Vansteenkiste said: "We are delighted that Mark will be joining the parent board to work with our investor consortium, who have confirmed their continuing commitment through providing additional liquidity for our peak trading.
"Mark's expertise and understanding of business change as well as the retail industry will be invaluable."
1 Dec 2020 09:06
Debenhams to be wound down as JD Sports ends rescue talks
(Sharecast News) - It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green's Arcadia retail group went into administration.
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