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Matalan chairman named as Allan Leighton

Value department store retailer Matalan has appointed former Asda chief executive Allan Leighton as chairman.

Leighton, who was also formerly chairman of value fashion chain Peacocks before it fell into adminstration and subsequently bought by Edinburgh Woollen Mill, will succeed John Mills in the role. Leighton is also chairman at footwear retailer Office and Danish jewellery company Pandora.

It is expected his experience in the value sector will support Matalan’s growth going forward.

Mills will become deputy chairman.

Leighton said: “Matalan is a great company with a strong brand and management team. I look forward to working with the team to build on its fantastic reputation as a family retailer.”

The value fashion retailer posted a 4.1% jump in sales for the quarter to £269.2m. EBITDA was up to £17.3m compared with £13.6m the previous year.

Matalan chief executive Darren Blackhurst said: “We continue to deliver outstanding value for our customers and have navigated our way through a challenging quarter, achieving robust results in a tough, competitive market.”

He added that the retailer remains cautious and as it launches autumn collections it will continue to focus on quality, service and value.

 

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