Ever-acquisitive Subsequent must beef up its board, the style retail large has admitted. So it has appointed “achieved enterprise chief” Venetia Butterfield as an impartial non-executive director with impact from 2 April.
Butterfield is Managing Director of Cornerstone, the most important grownup division of Penguin Random Home. Beforehand, she was writer of Penguin Normal and managed the Viking, Penguin Enterprise and Penguin Life imprints.
And the brand new appointment can also be right down to her “expertise as a advertising skilled”, the retailer stated.
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It added that her “profitable management of an impartial enterprise inside a bigger conglomerate might be significantly useful as Subsequent steadily will increase the variety of companies it takes on throughout the group by means of its Whole Platform initiatives”.
Upon appointment, Butterfield will turn into a member of the Nomination, Audit and Remuneration Committees.
Final October, the ever-expanding trend, homewares and wonder retailer turned the brand new proprietor of the FatFace trend model, buying the enterprise for a complete fairness worth of £115.2 million.
In September it additionally boosted its management of trend label Reiss, shopping for a sizeable holding from its fellow proprietor, the American funding firm Warburg Pincus for £128 million ($162 million) to extend its possession to 72% from 51%. And in March, it bought the Cath Kidston model out of administration for round £8.5 million.
