FatFace Announces strategic leadership restructuring post-acquisition by Next
FatFace, the renowned British lifestyle retailer, has announced significant changes to its leadership structure following the successful acquisition by Next Plc for £115.2 million in October 2023.
These changes are part of a strategic initiative designed to bolster the company’s growth and integration into Next’s Total Platform.
Mark Wright, FatFace’s Chief Operating Officer since 2019, will depart from the company later this year after successfully overseeing the transition period. In a move that reflects the company’s evolving strategic direction, Mr. Wright’s responsibilities will be distributed among new and existing members of the FatFace board, rather than seeking a direct replacement.
In a further enhancement of its leadership team, FatFace is delighted to confirm the permanent appointment of Amy Lynch as Finance Director, following her interim role since September last year. Additionally, the company is pleased to announce the promotion of Jo Wilson and Karen Johnston to the newly established positions of People Director and Stores Director, respectively. These promotions from within underscore FatFace’s commitment to recognising and rewarding outstanding contribution and leadership.
Keely Stocker, previously Marketing and Brand Communications Director, will now assume the role of Marketing and E-commerce Director. This expanded position will see her overseeing the brand’s digital and customer service strategies, marking a significant step towards integrating and enhancing FatFace’s online and offline consumer experiences.
Will Crumbie, CEO of FatFace, expressed his enthusiasm for the new appointments, stating, “Bolstering our leadership team and creating these new roles ensures FatFace is perfectly positioned for sustained future growth. I extend my warmest congratulations to all our newly appointed directors and look forward to embarking on this exciting next chapter together.”
Mr. Crumbie also took the opportunity to thank Mark Wright for his instrumental role in the seamless transition to Next’s Total Platform and his significant contributions to FatFace during his tenure.
Under the terms of the acquisition, Next now holds 97% of the equity in Havant-based FatFace, with the remaining 3% retained by FatFace management. This strategic partnership is poised to enhance operational capabilities and drive forward the FatFace brand’s growth trajectory.
FatFace is committed to maintaining its unique brand identity and ethos while benefiting from the scale, expertise, and infrastructure of Next. This transition marks a pivotal moment in FatFace’s journey, set to redefine its market position and fuel its ambition for expansion and innovation.
