Storehouse ousts MD

Storehouse, the retail group, has replaced Simon Hughes as managing director of Mothercare, saying new skills were needed for its next phase of growth. Mr Hughes, who was not on the main board, will leave the company with immediate effect after 12 years with the group. Succeeding him is Greg Tuffnell who has had spells with Burton and Next. He was most recently head of Burton Menswear.

Investment column, page 27