It has been a year of change at Fenwick. Richard Pennycook took over from Mark Fenwick as chairman of the family-owned department store business in May, prompting his entry into the Top 100. The former Co-operative chief executive is the chain’s first chairman from outside of the family, and he faces the daunting task of reviewing the business, which reported a fall in turnover and profits in the year to 27 January 2017.
The business has already re-evaluated its store portfolio, closing its branch in Leicester and outlining plans to shut the one in Windsor. However, in happier news it opened a new 800,000 sq ft store in Bracknell in September, and appointed Argos commercial director Robbie Feather as its hief executive in November.
Outside Fenwick, Pennycook is non-executive chairman of online retailer The Hut Group, chairman at kitchen supplier Howdens Joinery, and was appointed chairman of the British Retail Consortium in September.