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Ex-Clarks boss Peter Bolliger returns to Kurt Geiger

Former chief executive of Clarks and ex-chairman of Kurt Geiger, Peter Bolliger, has returned to Kurt Geiger, Drapers understands.

Peter Bolliger

 

Bolliger, who worked at Kurt Geiger from 1990 until 1994, is believed to have been brought back to the premium high street chain by the retailer’s new owners, European private equity group Cinven.

His role has not been disclosed, but sources indicate he has resumed his old position of chairman.

Cinven bought Kurt Geiger for an undisclosed sum in December. Chief executive Neil Clifford, creative director Rebecca Farrar-Hockley and chief financial officer Dale Christilaw remained in place under the new ownership.

While chairman of Kurt Geiger in the 1990s, Bolliger was simultaneously managing director of Harrods and executive director at House of Fraser.

He left in 1994 to become head of Clarks UK and was promoted to chief executive in 2002 - a role he held until he retired in 2010.

The footwear veteran has also been an independent non-executive director at footwear manufacturer Stella International Holdings since October 2010.

Kurt Geiger has more than 70 stores in the UK and overseas and over 170 concessions in department stores around the world.

It increased turnover by 15.4% to £251.8m for the year ended December 31 2014, while operating profit increased 277.8% to £11.2m. Gross profit was up 15% to £133m for the period and EBITDA increased 42% to £21.3m.

Clarks has yet to name a new chief executive following the sudden departure of Melissa Potter in September.

Kurt Geiger has been contacted for a comment.

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