22 May 2018 07:00
22 May 2018
Joules Group Plc
('Joules' or the 'Group')
Directorate change
Joules, the British premium lifestyle brand, announces that Neil McCausland has notified the Board of his intention to step down as Non-Executive Chairman of Joules on 31 July 2018 having completed more than five years of service on the Board. Neil has overseen a period of significant growth and development at Joules since joining the business in 2013. This has included the brand's expansion across channels and into new international markets as well as the Group's successful IPO in 2016.
At the same time, the Group is pleased to announce that Ian Filby, aged 59, will join the Board as Non-Executive Chairman on 1 August 2018. Ian has extensive retail and public company experience and is currently Chief Executive Officer of DFS Furniture Plc.
Colin Porter, Chief Executive Officer, commented: "Neil has made a fantastic contribution to Joules' development. He leaves the business in great health and with multiple growth opportunities ahead. On behalf of everyone at Joules, we wish Neil the best for the future.
Ian is a highly respected retail executive and I am delighted that he has chosen to join Joules. I am certain that his experience and knowledge will be invaluable during the next exciting phases of the Joules' expansion."
Neil McCausland, outgoing Non-Executive Chairman, commented: "It has been a great pleasure to Chair the Joules Board for the last 5 years. The team, brand and customers are truly wonderful. I feel very proud to have been part of the significant progress and growth over this time, and I am certain that Joules will continue to go from strength to strength."
Ian Filby, incoming Non-Executive Chairman, commented: "Joules is a brand with rare heritage and a loyal, growing customer base. I am delighted to be joining the Group at such an exciting time for the brand both in the UK and in its target international markets. I am looking forward to working with the Board and the rest of the team to continue to expand Joules as a premium lifestyle brand."
Save as disclosed at the end of this announcement there are no other details regarding Ian Filby that are required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules.
Enquiries:
Joules Group plc | Tel: +44 (0) 1858 435 255 |
Colin Porter, CEO Marc Dench, CFO |
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Hudson Sandler (financial PR) | Tel: +44 (0) 20 7796 4133 |
Alex Brennan Lucy Wollam |
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Peel Hunt LLP, Nominated Advisor & Broker | Tel: +44 (0) 20 7418 8900 |
Dan Webster George Sellar |
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Liberum Capital Limited, Broker | Tel: +44 (0) 20 3100 2000 |
John Fishley Joshua Hughes
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Joules - 'a premium lifestyle brand with an authentic British heritage'
Established in Britain by Tom Joule nearly three decades ago, Joules is a premium lifestyle brand with an authentic heritage.
A true multi-channel lifestyle brand, Joules carefully designs clothing, footwear and accessories for women, men and children, as well as an expanding range of homewares, toiletries and eyewear collections, with personality to match those of its customers' colourful and uplifting outlooks, available through its own retail stores, online, rural shows and events and wholesale channels.
Quality, Britishness, family values, colour and humour make Joules stand out from the crowd. This approach, along with an unwavering attention to detail, and drive to surprise and delight its customers with unexpected product details, remains at the heart of everything Joules creates and has been central to the brand's success and expansion.
www.joules.com | www.joulesgroup.com
Joules Fast Facts
· Joules is an international brand, available in the UK, USA, Germany, France and other European markets
· Joules operates 118* stores in the UK and ROI across a range of location types, has a significant online business, and a well-established wholesale business with over 1,500 stockists worldwide including John Lewis, Next Label, Nordstrom and Dillards
· Joules' talented in-house print design team lovingly hand-draw all of the prints you see within its collections each season
· Joules is proud of its British heritage and still has strong roots in Market Harborough, the site of its first shop and head office since day one
· Colin Porter became CEO in September 2015, with Tom Joule focusing on the creative side of the business in his capacity as Chief Brand Officer
· At the recent 2017 Drapers Awards, Joules won Fashion Retail Business of the Year Award (£101m-£500m revenue) and also won the Mainstream Brand of the Year Award for the second year running.
* Figures are stated as at 26 November 2017
During the last five years immediately preceding the date of this announcement, Mr Filby held the following directorships:
• DFS Trading Limited
• C.F. Ward Limited
• DFS Furniture Company Limited
• DFS Furniture Holdings Plc
• The Sofa Workshop Limited
• Diamond Holdco 7 Limited
• DFS Furniture Plc
• DFS Spain Limited
• British Retail Consortium
• Coin Furniture Limited
• IFF Life and Business Solutions Limited
• The Pennies Foundation
• Diamond Holdco 8 Limited - directorship ceased in 2016
• Diamond Holdco 6 Limited - directorship ceased in 2016
• Diamond Holdco Limited - directorship ceased in 2016
• Diamond Holdco 4 Limited - directorship ceased in 2016
• Diamond Holdco 3 Limited - directorship ceased in 2016
• Shoe Zone Plc - directorship ceased in 2016