RE: Great results over at JD17 May 2023 08:27
From an article on JD results words from CEO imo relate to THG 's customer base
We don’t rely on one brand, we don’t rely on one product…there is always something new coming.”
While inflation has forced prices higher by between 5% and 10%, the mostly youthful customers typically don’t have mortgages.
Unemployment is very low, and the young adult is benefiting from this situation,”
And this sounds familiar perhaps Moulding could follow the all powerful Cowgills exit
Schultz, brought in due to corporate governance concerns around the all-powerful Cowgill, who has both chair and CEO.
Cowgill built the business up over 18 years and was paid £5.5 million in an exit deal.
Chairman Andrew Higginson said: “The arrival of our new CEO, Régis Schultz led to a reappraisal of this strategy and a narrowing of the business focus. We have subsequently disposed of a number of Fashion businesses and are concentrating our resources on fewer initiatives. There has also been a simplification in the organisation of the business with the number of direct reports into the CEO reduced from over 30.” I think Moulding mentions he takes reports every 30 mins from someone
Defo sounds familiar