• Home
  • News
  • Fashion
  • New Look Exec Joins Sports Retailer

New Look Exec Joins Sports Retailer

By FashionUnited

loading...

Scroll down to read more

Stephen Sunnucks, former chief executive of New Look, has joined ski and surf clothes retailer Fat Face as a non-executive director. The appointment is seen as a move to strengthen the Fat Face board as the retailer, which now operates 83 stores in the UK, draws up plans for a stock market float.

In the year to the end of May, Fat Face saw sales increase by 48 per cent to GBP45m, with a 41 per cent rise in operating profits to GBP4.2m. The company, which is majority owned by its founders, Tim Slade and Jules Leaver, opened 22 stores across the year. Venture capital group Isis also has a stake in the business.

Chief executive Louise Barnes said: "We are continuing to deliver on our ambitious growth strategy for the brand, have opened new stores in Dublin and Gatwick and plan to have over 100 stores in the UK and internationally within the next year." She said that Sunnucks' appointment would help to take the business to the next stage of its development, with a target of 150 stores over the next few years.

Sunnucks said: "Fat Face is already the leading active lifestyle brand in the UK and has a great future ahead of it. It is a strong business, and has the foundations in place to become a significant retailer in the future. I look forward to being a part of the team."

www.newlook.co.uk 1 September 2004

New Look