Former Asda chairman and chief executive Andy bond has been named chairman of private equity-backed young fashion retailer Republic.
Bond, who stood down from Asda last week, takes up the Republic role with immediate effect.
Private equity group TPG bought 113-store Republic in June last year for £300m and Bond will help drive further growth at the branded clothing specialist.
Republic chief executive Tim Whitworth said Bond “brings not only a wealth of experience from his days at George and Asda, but shares our thirst to take Republic into a new era of development”.
Bond, who has taken an equity stake in Republic, said: “There has never been a more important time to support enterprise in the UK and in particular those companies that will deliver economic growth and sustainable jobs.”
He added: “As an investor manager, I hope to play a part in encouraging a new generation of entrepreneurs.”