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Next product director quits for Abercrombie & Fitch

Tue, 10th Jun 2014 13:54

LONDON, June 10 (Reuters) - Next product directorChristos Angelides has quit Britain's second largest clothingretailer to take up a post with U.S. apparel firm Abercrombie &Fitch.

Next said on Tuesday that Angelides, 51, who has so farspent his entire career at the British firm, will leave inSeptember.

In a separate statement Abercrombie and Fitch said he hadbeen named president of its Abercrombie & Fitch and abercrombiekids brands and would take up the position in October.

Angelides' imminent departure is the second exit of along-serving senior executive announced by Next in less than amonth.

It said in May that Finance Director David Keens, who hasheld the post for 23 years, will retire from the group in Marchnext year.

Shares in Next, up 12 percent over the last year, were down1.2 percent at 6,545 pence at 1344 GMT. (Reporting by James Davey)

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