A mouthpiece for HoF reliable that a house “has been sensitive of Nigel Oddy’s goal to leave a business in a new year to pursue new opportunities”.
She added: “Nigel will sojourn with a business until such time as a new CEO is allocated and to safeguard a well-spoken transition process.”
Oddy started his career on a Marks Spencer immature government intrigue in 1978 and worked in several roles there for 23 years, including substantiating a retailer’s initial approach sourcing bureau in a Far East.
In 2006, he was approached by John King, afterwards a arch executive of HoF, who had been Oddy’s initial ever retailer during MS. Oddy assimilated HoF as executive executive of homeware in 2007 and was promoted to arch handling officer in 2013. He transposed King during a helm in Feb 2015.
HoF was acquired by Nanjing Cenbest, a auxiliary of China’s Sanpower Group, in 2014 and is set to open a initial Chinese store in Nanjing subsequent month. Don McCarthy stood down as executive authority of HoF on a day a understanding completed.
In Sep of this year, a organisation suggested that underlying increase fell 49% to £5m for a 6 months to a finish of July, while underlying sales rose 0.9% to £573.5m.
The mouthpiece said: “House of Fraser continues to trade in line with government expectations and is assured it is good positioned for Christmas, with trade over a Black Friday duration to date already display alleviation on final year.”
The Drapers Interview: Nigel Oddy is putting House of Fraser by a paces