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Drapers Top 100 2017 – 71. Richard Pennycook, chairman, Fenwick and British Retail Consortium

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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.

Back to the Drapers Top 100 2017

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