Just an observation .......................25 Jul 2022 22:01
John Hargreaves, who started the company with a single store in Preston in 1985, is taking over as executive chairman after a 15-year absence. He will replace Steve Johnson, who has been at the helm of Matalan since June 2020 and was previously chairman at bed retailer Dreams.
Mr Hargreaves is likely to preside over a debt refinancing worth £350m before it falls due early next year. An arrangement could be key to Matalan’s survival.