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CEO to exit Jacques Vert owner

Shaun Wills, the chief executive of Calvetron Brands, owner of womenswear brands Jacques Vert, Precis, Windsmoor and Dash, is leaving the business, four months after the company was bought out of administration in a pre-pack deal.

Peter Ridler, former managing director at Monsoon Accessorize, has been appointed as his successor. He will take up the position on 18 October.

Shaun Wills

Shaun Wills

Shaun Wills

Ridler joins the company from White Stuff, where he was business development director for two years. He worked at Monsoon Accessorize from 2008 until 2012.

Wills joined what was then called Style Group Brands in April 2015. 

Harold Tillman, chairman and strategic adviser for the firm, said: “During his 18 months as CEO, Shaun and his team have worked tirelessly to re-establish the positioning of each of the four brands, developing new, more appealing product, restructuring the business for today’s requirements and, latterly, delivering the sale of the business into new ownership. He leaves with our thanks and our very best wishes for his future success.”

Haseeb Aziz, director of Calvetron, added: “Peter’s extensive omnichannel international expertise, and his experience operating as CEO for a number of retail businesses, will further support the business in its growth strategy. Peter is a great addition to the team. We are confident that with a robust strategy in place and a strong and passionate team, Calvetron Brands has a significant opportunity for growth over the coming years.”

In June, Drapers exclusively revealed that Style Group Brands had been sold in a pre-pack administration deal, resulting in the loss of 272 jobs.

The struggling business appointed Will Wright and Rob Croxen of KPMG as administrators on 2 June. They then sold the majority of the business and assets to a subsidiary of Calvetron Style Holdings.

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