Radley has appointed Alan Stone-Wigg to the new role of chief operating officer to lead the brand’s retail, ecommerce, wholesale and international divisions
He will start the role in January next year, reporting to Justin Stead, who joined Radley as chief executive in May this year.
Stone-Wigg was president of Timex in the US from July 2014 to September and chief operating officer at Sequel in Switzerland from January 2010 to August 2014.
Stead said: “His proven track record in building strong teams, commercial success at the Timex Group and his considerable international experience will be of significant benefit to us as we deliver our vision and strategy for the Radley brand.”
Radley was founded in 1998 and is currently owned by Exponent Private Equity, Phoenix Equity Partners and the company’s management team. It has 33 UK stores and is sold in House of Fraser, John Lewis, Fenwick, Next and Very.co.uk, as well as 195 independent stockists.
Its online site ships to 47 countries and the brand distributes to 14 international markets including Germany, Russia, Taiwan, South East Asia, Australia and Japan.
Radley, through its Radley + Co and Radley Retail businesses, increased turnover by 10% to £64.3m for the full-year to April 30, 2014, and made a pre-tax profit of £2.2m compared with a pre-tax loss of £0.1m in the previous year.