×
187
Fashion Jobs
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
Published
Nov 28, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

House of Fraser CEO quits despite better Black Friday trade, imminent China debut

Published
Nov 28, 2016

The CEO of department stores giant House of Fraser has quit the firm over differences with the company’s Chinese majority owner Sanpower, according to reports. Nigel Oddy will leave next spring.

House of Fraser's CEO will leave early next year


The retailer confirmed the news of his impending departure in a statement, saying: “The board of House of Fraser confirms it has been informed of Nigel Oddy’s intention to leave the business in the New Year to pursue new opportunities. Nigel will remain with the business until such time as a new CEO is appointed and to ensure a smooth transition process.”

Oddy, CEO for nearly two years, is believed to have give notice last month, just before the crucial Christmas trading period. Newspaper reports said he was frustrated at low investment in the chain.

Several key executives have left since the company was acquired in 2014, including Oddy’s predecessor John King and the finance and customer directors. Several newspapers also said that supply chain chief Ray Kavanagh is to leave.

House of Fraser, which has 60 stores and employs 17,500, has been loss-making for five years people and in late September warned of “challenging trading conditions,” with sales down 2% in the previous eight-week trading period.

However, more recently it said that it “continues to trade in line with management expectations and is confident it is well positioned for Christmas, with trading over the Black Friday period to date already showing improvement on last year.”

Sanpower owns 89% of the business with the rest held by Mike Ashley’s Sports Direct. In 2014, the Chinese conglomerate had promised to invest £75m in the company and expand into Russia and the Middle East. But reports said the company has been reliant on its own funding, including a 2015 bond issue.

However, international expansion is happening with the first Chinese store, in Nanjing, due to open next month.
 

Copyright © 2022 FashionNetwork.com All rights reserved.