71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
Published
Oct 14, 2019
Download
Download the article
Print
Text size

Laura Ashley CFO to step down after two decades

Published
Oct 14, 2019

Laura Ashley shares plunged more than 26% on Monday morning after the troubled fashion and homeware chain revealed its finance director and joint chief operating officer is leaving the company after two decades.


Laura Ashley


Sean Anglim has resigned from his role and is set to leave the business at the end of the year, the company announced in a statement.

Sagar Mavani will take over as chief financial officer.

The announcement sent the brand’s shares spiralling downwards, but the stock recovered slightly and was trading at £1.89 on Monday afternoon.

As CFO, Anglim presided over a period of significant decline at the company. Laura Ashley shares have slumped since their peak in September 1996, when the price reached £218 per share.

The past three years have been particularly difficult for the British textile design company as online competition and faster trends rendered the brand’s clothing less sought after.

Controlled by Malayan United Industries (MUI), Laura Ashley posted a pre-tax loss of £9.8m for the 2019 financial year.

Copyright © 2024 FashionNetwork.com All rights reserved.