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White Stuff plans foreign foray as chairman steps down

Lifestyle retailer and brand White Stuff is to push into foreign markets and has launched a search for a new chairman to replace Vince Gwilliam who is stepping down.

According to reports White Stuff is discussing plans to move into northern Europe. The move into Europe would be White Stuff’s first venture into the international market aside from several wholesale accounts.

Chief executive Sally Bailey said over the next five years the retailer planned to open shops and internet sites abroad but said no final decisions had been made.

Meanwhile chairman Vince Gwilliam is to step down from his role and become senior independent director at White Stuff, paving the way for a new chairman. The timing of the move has not been confirmed.

Gwilliam is understood to be taking a step back from the business to devote more time to his day job as a partner and head of the consumer team at Bridgepoint, the private equity house.

White Stuff is privately owned by its founders and management, with no private equity connections, although it has previously held talks with private equity houses such as Phoenix Equity.

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