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Matalan boss steps down

Matalan’s Chief Executive Darren Blackhurst has stepped down from the fashion retailer to pursue “other opportunities”. Blackhurst, who joined the retailer in May 2011, is handing over the reins to Jason Hargreaves, the son of Matalan founder John Hargreaves, after the retailer's first quarter sales to May 25 plunged 7.2 percent to 258.6 million...

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