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.
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.
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