TIDMJOUL
RNS Number : 3534Y
Joules Group plc
08 May 2019
Joules Group PLC
("Joules" or the "Group")
Appointment of CEO
Joules, the British lifestyle brand, is pleased to announce the
appointment of Nick Jones as the Company's new Chief Executive
Officer ("CEO"). Nick will be joining from Asda where, as a member
of the Executive Board, he is responsible for the performance of
the grocer's Trading Divisions across Food, General Merchandise and
George.
Nick brings 25 years' experience from working with two of the
UK's best-known retail brands: Marks & Spencer and Asda. He
joined the M&S graduate scheme in 1995 working across functions
including buying & merchandising, sourcing and investor
relations. After 15 years with M&S, latterly as Director of
Home, Beauty and Gifts, Nick joined Asda in 2011 to run the George
clothing brand. As Commercial Director, George and General
Merchandise, Nick has driven innovation and digital transformation
across Asda's clothing and homeware businesses. His leadership
mandate was expanded last year to include food as well as clothing
and home.
Today's news follows the Group's announcement on 1 April 2019
that, after eight years in the business, Colin Porter had given
notice of his intention to retire before the end of the Group's
FY20 financial year. Nick will start at Joules before the end of
2019 and, following a short handover period, Colin will then step
down.
Ian Filby, Non-Executive Chairman of Joules, commented:
"On behalf of the Board and everyone at Joules, I am thrilled to
welcome Nick as our next CEO. Nick's extensive retail, brand and
strategy credentials, as well as a clear alignment with the Joules
values, made him the outstanding candidate for the role.
Nick will join an exceptional management team and the Board has
every confidence in their abilities to lead Joules through the next
stages of the Group's long-term growth and development."
Nick Jones commented:
"I am delighted to be joining Joules at such an exciting time in
the company's development. I have long admired Joules for its
distinctive brand, its outstanding products and designs, and its
connection with its customers.
Whilst the business and brand has achieved fantastic growth over
recent years, I share the Board's view that there are tremendous
growth opportunities ahead, driven, in particular, by further
international expansion and online growth.
I have been impressed by the talent, energy and dedication of
the people at Joules that I've met so far, and I'm looking forward
to working with the wider team to deliver the Group's growth
strategy - building on its strong foundations to further develop
Joules as an international lifestyle brand."
Appendix:
-- Nick's full name is Nicholas David George Jones and he is 46 years old
-- Nick's current directorships and partnerships include: Asda
Group Limited; International Procurement and Logistics Limited;
George Tedarik Hizmetleri Anonim irketi (a Turkish legal entity);
and Oakham School
-- Past directorships in the last five years include: George Sourcing Services UK Limited
There are no further disclosures to be made in connection with
the AIM Rules for Companies in connection with this
appointment.
Enquiries:
Joules Group plc Tel: +44 (0) 1858 435 255
Colin Porter, CEO
Marc Dench, CFO
Hudson Sandler (Financial PR) Tel: +44 (0) 20 7796 4133
Alex Brennan
Lucy Wollam
Peel Hunt LLP, Nominated Advisor Tel: +44 (0) 20 7418 8900
Dan Webster
George Sellar
Guy Pengelley
Liberum Capital Limited Tel: +44 (0) 20 3100 2000
John Fishley
Edward Thomas
Joules - 'a premium lifestyle brand with an authentic British
heritage'
Established in Britain by Tom Joule three decades ago, Joules is
a premium lifestyle brand with an authentic heritage.
A true multi-channel lifestyle brand, Joules carefully designs
and sells clothing, accessories and homeware for women, men and
children, with personality to match the colourful and uplifting
outlooks of its growing community of customers. Its products are
available through its own retail stores, online, rural shows and
events and wholesale channels.
Quality, Britishness, family values, colour and humour make
Joules stand out from the crowd. This approach, along with an
unwavering attention to detail, and drive to surprise and delight
its customers with unexpected product details, has been central to
the brand's success and expansion and remains at the heart of
everything Joules creates.
www.joules.com | www.joulesgroup.com
Joules Fast Facts
-- Joules is an international brand, available in the UK, USA,
Germany, France and other markets
-- Joules operates 123* stores in the UK and ROI across a range
of location types, has a significant online business and a
well-established wholesale business with over 2,000 stockists
worldwide, including John Lewis and Nordstrom
-- Joules' talented in-house artists lovingly hand-draw all the
prints and unexpected unique details you see within its collections
each season
-- Joules is proud of its British heritage and is still firmly
rooted in Market Harborough, the site of its first shop and head
office
-- Colin Porter joined as COO in 2010 and became CEO in
September 2015, with Tom Joule focusing on the creative side of the
business in his capacity as Chief Brand Officer
-- Joules recently won the Best Licensed Fashion or Talent Brand
Award and the Best Licensed Gifting Product Award at the 2019 Brand
& Lifestyle Licensing Award (B&LLA)
-- Joules received a Mark of Excellence commendation for The
Best Fashion Retailer at the 2018 and 2019 Retail Week Awards
-- Joules won Fashion Retail Business of the Year (between
GBP101m and GBP500m turnover) for the second year in a row at the
Drapers Awards 2018. The Group also won the Drapers Mainstream
Brand of the Year in both 2017 and 2016, and Best British Fashion
Retailer of the Year in 2015
-- In February 2019, Joules was rated the number one company in
Retail Week's 'Top 10 best retailers to work for in the UK' based
on Glassdoor rankings
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOALIFITESITIIA
(END) Dow Jones Newswires
May 08, 2019 04:07 ET (08:07 GMT)
Joules (LSE:JOUL)
Historical Stock Chart
From Apr 2024 to May 2024
Joules (LSE:JOUL)
Historical Stock Chart
From May 2023 to May 2024