Marchpole chief executive quits

Marchpole has announced the resignation of chief executive Greg Tufnell, who has left to pursue "other business interests", the company said. The apparel producer and distributor's founder and current executive director, Michael Morris, has been appointed executive deputy chairman. An old hand in the fashion industry, Morris will assume general senior executive duties.

Meanwhile, further management reshuffling has taken place with finance director John Harrison's appointment as executive group finance director. Non-executive chairman Christopher Phillips said the new appointments reflect the "fundamental strategic developments" that have taken place at the company over the past two year. Meanwhile the company said trading continued in line with market expectations.