Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Exclusive: Coast MD bows out

Coast managing director Margaret McDonald is leaving the business.

McDonald will officially leave the womenswear chain at the end of July, Drapers has learned.

It is not yet clear what her next move will be, but it is understood she is relocating to the US with her family “to take up a new career opportunity”.

Derek Lovelock, former chairman of Aurora, will now step back in to oversee the retail business at Coast on a day to day basis alongside recently appointed deputy managing director Jo McWilliams and Pall Olafsson, chief financial officer.

There are no immediate plans to replace McDonald until Lovelock has assessed the needs of the newly independent management team.  

Lovelock said: “Under Margaret’s leadership, Coast is starting to deliver its strategy of being the occasionwear specialist as evidenced by strong performance in the new flagship locations in Oxford Street, Trafford Centre and Leeds and supported by the online flagship and significant growth across Europe, Middle East and the US.

“Margaret leaves behind a strong senior team and we all wish her every success in this exciting new venture for her and her family.”

The move comes as plans are well underway to hive off the Coast chain from the former Aurora Fashions business to form a separate company with Oasis and Warehouse now under the separate control of new chief executive Liz Evans.

Karen Millen already operates independently.

Readers' comments (1)

  • The senior team were there first...they've moved this business forward. Amazing Buying and Design direction

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.