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Fat Face loses chief financial officer after abandoning IPO

Fat Face’s chief financial officer Helen Cowing has left the business to “pursue career opportunities elsewhere”, the retailer has confirmed.

Cowing was brought in to help the retailer prepare for its planned initial public offering (IPO) on the London Stock Exchange, which was expected to value the company at £110m. She joined Fat Face on August 1, 2013, from vending machine business Selecta Group.

The IPO was called off in May, with Fat Face citing “current equity market conditions” as “the principal factor”.

A spokesperson for Fat Face said: “We can confirm that Helen Cowing has left the Fat Face business to pursue career opportunities elsewhere. We thank Helen for her contribution to the business, particularly during the IPO process which we were undertaking earlier in the year.”

Fat Face’s head of finance and reporting, Will Crumbie, has assumed the CFO role on an interim basis, Drapers’ sister title Retail Week reports.

 

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