Habitat hires retail director to help drive turnaround

Click to follow
The Independent Online

Habitat has made further changes to its management team as it seeks to turn around the business under new owner Hilco.

The furniture chain has appointed Gary Waldron as retail director, following his departure from the clothing brand Fat Face earlier this year.

The restructuring specialist Hilco bought Habitat in December from its former owner, ICAF, in a deal that involved writing off debts and providing working capital of £45m.

In June, Habitat hired Phil Wrigley, the former chairman of the fashion retailer New Look, into the same role. But Habitat has parted company with Mark Saunders, its former chief executive, and Rob Lane, the former head of its UK retail division.

Hilco, which declined to comment, is close to unveiling a new chief executive at Habitat. The furniture chain, which has 72 shops in Europe, suffered a loss of £42m last year. But Hilco has vowed that it will break even in the year to 31 May 2011.

Comments