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Jack Wills Boss Harlow Exits After Sports Direct Takeover

(Alliance News) - Jack Wills boss Suzanne Harlow has left the business following its acquisition ...

Alliance News 20 August, 2019 | 3:04PM
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(Alliance News) - Jack Wills boss Suzanne Harlow has left the business following its acquisition by Mike Ashley's Sports Direct International PLC earlier this month.

Harlow's departure yesterday comes less than a year after she assumed the post last September, having come on board as a consultant last May.

A source close to the situation told the PA news agency it had not been her decision to leave.

They added that Harlow had made "significant improvements" to Jack Wills over the last year including new product development, improving margins and halving the underlying earnings loss.

Despite the progress, Jack Wills was put up for sale by its former owner Bluegem Capital earlier this year.

The process came down to a head-to-head between Ashley and retail rival Philip Day, the owner of Edinburgh Woollen Mill, with Sports Direct eventually buying the business out of a pre-pack administration.

Upon the announcement of the deal, Sports Direct said that Jack Wills would come under a new division established to focus solely on buying and building fashion and sports brands, and report to Michael Murray in his role as head of elevation.

It was the latest acquisition in a shopping spree of high street brands by Ashley, who has also bought House of Fraser, Evans Cycles and Sofa.com in the space of a year.

It is not the first time Sports Direct has cleared out the management of its acquisitions. In October last year House of Fraser bosses were given the boot.

Shares in Sports Direct were 0.3% higher in London on Tuesday afternoon at 240.60 pence each.

By Alys Key, PA City Reporter

source: PA

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Sports Direct International PLC 277.00 GBX -0.29 -

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Alliance News

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