– UK, Rochdale – Footasylum PLC (AIM:FOOT), the UK-based fashion retailer focussing on branded footwear and apparel, today announced that Barry Bown has joined the Board as Executive Chairman with immediate effect.
Barry had previously committed to take on the role as part of the Company’s admission to AIM in November 2017, as highlighted in its Admission Document, and has been working for the Company in a consulting role since 1 March 2018.
Barry has over 30 years’ retail experience, most of which was gained at the JD Sports chain which he joined in 1984 and where he served as Chief Executive from 2000 until 2014.
Also as previously announced, John Wardle will now retire from the Board with immediate effect. John joined the Company in 2008 as its Chief Executive and moved to Executive Chairman in 2015, upon the promotion of Clare Nesbitt to Chief Executive.
Commenting on the Board Changes, Clare Nesbitt, CEO,said: “We are delighted to welcome Barry to the Board. He hits the ground running having spent the last three months getting to know the Company in a consulting role and we know that he will contribute materially to the next phase of the Company’s development.
We would also like to place on record our great appreciation to John Wardle and to recognise the key role he has played in driving the Company to where it is today. We wish him a peaceful and enjoyable retirement.”
About Footasylum
Footasylum is a UK-based fashion retailer focusing on the branded footwear and apparel markets. The Company retails “on-trend” product ranges which are predominantly aimed at 16 to 24 year old fashion-conscious customers and are sourced from an extensive stable of third party and own brands. These include well-known sports and casual footwear and apparel brands, as well as up-and-coming brands and own label products.
The Company operates a multi-channel model which combines a 65-strong store estate – in a variety of high street, mall and retail park locations in cities and towns throughout Great Britain – with a fast-growing eCommerce platform and a recently launched wholesale arm for distributing its own brand ranges via a network of partners. In FY17, the store estate accounted for 71 per cent. of revenue and eCommerce accounted for 29 per cent.
For more information : http://www.footasylum.com
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