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LONDON, Jan 19 (Reuters) - Britain's Deliveroo said on
Tuesday it has beefed up its board ahead of an expected initial
public offering this year with the appointment of Simon Wolfson,
the veteran boss of clothing retailer Next, as a
non-executive director.
The food delivery company said on Sunday it had raised a
further $180 million from existing investors, including minority
shareholder Amazon, in a move that values the business
at more than $7 billion.
Deliveroo is set to hold an IPO in the coming months, in
what would be the biggest new share issue in London for three
years.
Wolfson's appointment comes after Deliveroo named Claudia
Arney as the company's first chair in November.
Deliveroo founder and CEO Will Shu said Wolfson would bring
"great knowledge and insight" to the board.
Wolfson has been Next's CEO since 2001.
He is also a peer of Britain's ruling Conservative Party,
sitting in the upper house of parliament.
(Reporting by James Davey and Paul Sandle; editing by Sarah
Young and Pravin Char)