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

SSG boss on the prowl for deals

Shoe Studio Group chief operating officer John Egan will look at retail and supply deals and new opportunities after resigning from Mosaic Fashions last week.

Egan told Drapers he would take a short break from the industry but planned to return in a few months to scout for acquisitions, which could include fashion retail, footwear or supply businesses.

Egan said he would look at doing deals with his former SSG partners Don McCarthy and Stefan Cassar, who both left SSG when parent Rubicon Retail was sold to Mosaic Fashions, the Baugur-backed multi-fascia group, 18 months ago. He worked with the duo for six years from 1999 to 2006 when Rubicon was sold to Mosaic for £320 million.

Egan said he had talked to Baugur about the possibility of another deal. But he added he had not ruled out the possibility of going back into an employed managerial position if the right opportunity came along.

Egan said: “I called Stefan [Cassar] and we are going to talk about things. I have also had a chat with Baugur and there’s a possibility I could do something with Mr McCarthy again.”

Mosaic Fashions locked Egan into his position at SSG until March 2008 following the acquisition of Rubicon. Egan denied he was leaving because his lock-in had expired, but said it was time for a new challenge. He will stay at SSG until March to see through a handover period, and will remain a shareholder in Mosaic.

Amanda Burrows, previously brand director for Mosaic’s Whistles brand, which was sold to Jane Shepherdson last week, will act as managing director for SSG until a replacement has been found.

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.