Footasylum PLC Update on the appointment of Barry Bown (5577D)
01 February 2018 - 6:00PM
UK Regulatory
TIDMFOOT
RNS Number : 5577D
Footasylum PLC
01 February 2018
1 February 2018
Footasylum plc
("Footasylum" or the "Company")
Update on the appointment of Barry Bown
Footasylum, the UK-based fashion retailer focussing on branded
footwear and apparel, is delighted to announce that Barry Bown is
to join the Company in a consulting role on 1 March 2018.
As highlighted in the Company's Admission Document, Barry Bown
has committed to join the Board as Executive Chairman on or around
1 June 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.
The new consulting role will enable Barry to work closely with
the Company ahead of his formal appointment to the Board.
The Board believes that Barry's extensive experience of building
a listed retail business and his excellent relationships with many
major brands will enable him to make a valuable contribution to the
Company's leadership team.
The Company's Admission Document can be found at
http://investors.footasylum.com/
Enquiries:
Footasylum plc Tel: +44 (0)
Nancy Kelsall (Company Secretary) 1706 746 777
GCA Altium Limited (Financial Adviser Tel: +44 (0)
& Nominated Adviser) 20 7484 4040
Phil Adams
Sam Fuller
Tim Richardson
Liberum Capital Limited (Broker) Tel: +44 (0)
John Fishley 20 3100 2222
Jill Li
Powerscourt (Financial Public Relations) Tel: +44 (0)
Rob Greening 207 250 1446
Lisa Kavanagh
Isabelle Saber
Customer website: https://www.footasylum.com/
Investor website: http://investors.footasylum.com/
Notes to Editors:
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.
Examples of third party brands include: adidas; Nike; The North
Face; Gym King; Converse; New Balance; EA7; Vans; Nicce London;
Siksilk; Under Armour; and Calvin Klein. Examples of Footasylum's
own brands include: Kings Will Dream; Glorious Gangsta; Condemned
Nation; and Alessandro Zavetti.
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.
Footasylum was founded in 2005 and the Company's ordinary shares
were admitted to trading on AIM in November 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 01, 2018 02:00 ET (07:00 GMT)
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