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

Office appoints new owner’s CEO as director

Office has appointed the chief executive of its new owner, South African fashion retailer Truworths International, as a director.

Michael Mark has been chief executive of Truworths since 1991, after joining the firm in 1988 as a director.

Private equity firm Silverfleet Capital sold Office to Truworths for £256m in November 2015. It had owned Office since December 2010.

The £256m price tag was below the £300m valuation reported when Office was tipped for a flotation last year.

However, Silverfleet described it as a “great deal”, which is more than three times what it paid for the retailer five years before.


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.