Developer Land Securities has parted company with Sanjay Sharma, the head of its Brand Empire venture, which was set up to help overseas retailers open in the UK.
Sharma, the former head of international for womenswear chain Karen Millen, has left the property company by mutual agreement after the pace of its expansion was slowed. Sharma is understood to have held bigger ambitions for the business. Land Securities commercial director Ronan Faherty has taken charge of Brand Empire and Sharma will not be replaced.
Brand Empire works with three retailers, all of them owned by Spanish fashion group Cortefiel: Springfield, Women’secret and Cortefiel itself. It has opened eight UK stores, all in centres owned or part-owned by Land Securities.
Brand Empire launched in 2009. It takes a royalty from the retailers it operates the stores for.