Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Jon Robinson

Matalan founder John Hargreaves returns as chairman

The founder of fashion and homeware retailer Matalan has returned as its chairman.

John Hargreaves has taken on the role as the Liverpool-headquartered company confirmed that executive chair Steve Johnson had stepped down.

It has not been disclosed whether Mr Hargreaves' new role is executive or non-executive.

READ MORE: Matalan praises 'extremely savvy customers' as losses continue to fall

Mr Johnson joined Matalan in July 2020 and is also currently chairman of Poundland. Matalan was founded by Mr Hargreaves with a stall in Liverpool in 1985.

Mr Hargreaves said: "I would like to personally go on record and thank Steve for all his invaluable leadership and contribution over the last two years.

"Steve joined the business in a non-executive chair capacity and I am grateful that he agreed to step into an executive role to help guide the company through the pandemic.

"Nobody could have predicted the pandemic or the more recent macro-pressures affecting the retail industry.

"Matalan’s navigation of these challenges, our market share gains, and the top-line performance announced in our latest trading updates, are testament to Steve’s leadership and our colleagues’ ongoing dedication.

"My belief in, passion for, and commitment to our business is stronger than ever and I look forward to maximising our growth potential, along with the senior leadership team, delivering true omnichannel value for our customers. On behalf of the board, I would like to wish Steve all the very best with his future endeavours."

Mr Johnson added:"It has been a pleasure to lead and work with all the colleagues at Matalan over these last two extraordinary years. Matalan’s great value proposition is well positioned to prosper over the coming years. I wish everyone in the business every success in the future."

READ NEXT:

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.