- Prachi Singh |
Debenhams has reduced headcount with many senior level executives including director of buying Rob Faucherand, trading director for menswear and childrenswear Paul Baldwin and head of menswear design Julian Fuller, all resigning from their positions, reports Drapers. It added that other executives, who have understood to have left the business include Diane Frankel, head of buying for womenswear, Alice Duggan, head of buying for womenswear – casual, and Russell Fish, head of design.
Commenting on the development, Debenhams spokesperson said: “Earlier this year we detailed our intentions to structure the organisation around three business units: beauty and beauty services, fashion and home and food and events. As set out in our interim results recently, we have already started work on reducing complexity across the business, including simplifying our processes in store and reducing the number of grades in our UK support centres, and this work will continue over the coming months.”
For the six months to March 3, 2018, Debenhams reported 3.7 percent reduction in revenues, while profit after tax after accounting for exceptional items decreased by 84.9 percent.
Picture:Debenhams media gallery