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Lustman to leave Warehouse

Meg Lustman, managing director of high street womenswear chain Warehouse, will step down from her operational role next month.

According to reports in The Independent Lustman, who has been with Warehouse since 2009, could remain on the board of parent company Aurora Fashions, but is expected to step down from her day-to-day role with the company in February.

Aurora Fashions chairman Derek Lovelock said there were no immediate plans to replace Lustman, who has been with the group for more than 10 years.

“Warehouse has a strong management team so we don’t anticipate making any appointments in the near future,” he said.

The announcement comes as Warehouse reported a strong festive trading performance with sales up 7% on a like-for-like basis in the five weeks to December 29.

Profits at Aurora Fashions in the full-year to the end of February 2012 dipped by 15.3% to £12.7m, largely as a result of underperformance of  womenswear brand Bastyan which the group has since sold.

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