The Original Factory Shop has appointed a new chief financial officer and commercial director, both with backgrounds in fashion, as it eyes further growth in the UK.
Dave Williams will join as CFO on December 7, replacing Martyn Wates, who left in April. He is currently commercial director at JD Sports Fashion, where he has worked since 2012. He was previously chief financial officer at now-defunct sportswear retailer JJB.
The discount department store chain has also appointed Tim Bettley as commercial director, effective immediately. Bettley, who takes over from Dean Argent, was commercial director for non-food at Morrisons and led its clothing brand Nutmeg until April of this year, when the grocer restructured its head office.
He was previously managing director of value fashion chain Peacocks.
The Original Factory Shop, which is owned by private equity firm Duke Street Capital, sells clothing and footwear for men, women and children from labels such as Pretty Polly, Umbro and Jeff Banks, as well as homewares, electricals and furniture.
It has more than 200 UK stores and said it has identified a further 400 locations into which it can expand.
In August the retailer revealed a 7.1% increase in total sales to £208m for the year to March 31, with pre-exceptional EBITDA up 50% year on year to £14.2m. A large part of the growth came from a focus on fashion, with womenswear like-for-likes up 10%.
Chief executive Tony Page said: “[Williams’] experience as chief financial officer at a wide range of retailers makes him ideally positioned to take on the role at this important time for the company, and [Bettley’s] strong familiarity with both the fashion and value markets will be a great asset for the business.”