Andy Bond news and archive

Pepco Group to nominate ex-CEO Andy Bond as the next board chairman

Pepco Group, owner of the Pepco and Dealz brands present across Europe and Poundland in the UK, has announced the nomination of Andy Bond as chairman and Neil Galloway as chief financial officer. The company said in a release that the board will propose the appointment of Bond – who was the former CEO of Pepco Group and led it through its...

People

Andy Bond to step down as Pepco CEO

Pepco Group, the variety discount retailer and owner of Poundland in the UK and the Pepco and Dealz brands in Europe, has announced that Andy Bond is stepping down as chief executive at the end of March due to health reasons. Bond, who was previously chief executive of Asda, took the helm at Pepco Group in 2015 and has guided the business...

Retail

Poundland to start selling clothes

Poundland known for its 1 pound price tag is to start selling clothing, but for more than 1 pound, as the new owners look to tie up the bargain chain with the group’s clothing brand Pep & Co. Andy Bond, the former Asda boss who now heads up the bargain retailer as the boss of Pepkor Europe, an arm of South African group Steinhoff International,...

Retail

Pepkor to open second retail format

Pepkor, the investment vehicle established by former Asda CEO Andy Bond, behind value fashion brand Pep&Co, has confirmed that it will launch a second pilot UK retail format in 2016. Pepkor plans to open ten 10,000 square foot stores in the first half of 2016 that offer a mix of core grocery, general merchandise, as well as Pep&Co clothing, with...

RetailFeatured

Pep&Co to create 500 new jobs

Pep&Co, the new budget fashion chain founded by former Asda chief executive Andy Bond and former Sainsbury’s Tu boss Adrian Mountford, has announced plans to create 500 new jobs across England, Wales and Scotland by the end of August. The news comes as the fashion retailer confirms that it plans to open an initial 50 stores over an eight-week...

Design

Republic goes into administration

High street fashion chain Republic is expected to go into administration, putting up to 2,000 retail jobs at risk. The Leeds-based retailer, which operates 120 stores, is reported to have seen a downturn in sales in recent months. Founded in 1986 as a denim retailer, the company expanded rapidly around ten years ago and now sells a range of...

Fashion

Mid market and eco retailers see growth

Recent times have seen flurry of fast fashion brands leading to a rise and the promotion of throwaway, quick style fashion. Although recession-led times have seen campaigners urging consumers to shop smart – buy less and more key investment pieces – shoppers don’t seem to have been deterred from shopping endless discount pieces from Primark and...