Harvey Nichols Appoints New CEO

Harvey Nichols has named Julia Goddard chief govt following the departure of Manju Malhotra — who held the submit for 25 years — in late 2023. Goddard joins from Alexander McQueen the place she spent 14 years, most lately main enlargement within the Europe, Center East and Africa area as president.

Goddard will sit on the board and report back to Sir Dickson Poon and Pearson Poon, chairman and vice chairman of the UK-based retailer.

The transfer comes at a difficult time for retailers, who’re strained by the top of tax-free buying within the UK in addition to ongoing value and inflationary pressures. The Harvey Nichols enterprise can be present process a wider reorganisation. In March, the board introduced job cuts impacting round 5 p.c of staff could possibly be coming because it seemed to streamline operations and get on a path towards profitability.

Harvey Nichols has but to publish outcomes for FY 2023, which ended April 1, 2023. Income for the interval was anticipated to rise 13 p.c year-on-year to £216.6 million ($269.2 million), whereas loss was diminished by 30 p.c, stated the corporate within the March assertion.

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Harvey Nichols CEO to Step Down

Harvey Nichols chief govt Manju Malhotra is stepping down on the finish of the yr.