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Debenhams searches for new Director

By Don-Alvin Adegeest

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Last week Debenhams retail director Mike Goring quit the department store chain as it merges stores and online management into one team. Now Mothercare's chief operator may be a potential candidate to run the high street giant.

Mark Newton-Jones, who has been at the helm of the maternity retailer for two years, is understood to be among final candidates for top job at the department store chain, according to the Sunday Times. He was also appointed as the head of Graduate Fashion Week in December 2014.

Sir Ian Cheshire, Debenhams’s new chairman, is searching for a replacement for Michael Sharp, due to stand down after shareholder pressure over lacklustre performance.

Other candidates interviewed include Mike Shearwood, former boss of Karen Millen chain, and Stuart Machin, managing director of Target in Australia.

Machin is believed to have withdrawn amid supplier income scandal at Target. He resigned on Friday, saying he would “accept his share of responsibility” despite not having been aware of the accounting debacle until it was revealed.

The internal candidate for the Debenhams job is Suzanne Harlow, trading director. On Thursday, the chain is expected to reveal 2 percent rise in first-half profits to 91 million pounds.

Debenhams