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Trading on track at Alexon

Alexon Group revealed trade at its businesses was in line with expectations during the first 18 weeks of the first half of the financial year, despite weakening consumer demand and poor weather.

In an interim statement, the multi-fascia fashion company said it is continuing to maintain margins and control costs. The group also announced that former Peacocks buying and merchandising director Jane McNally, who was appointed as the new chief executive in April, will join the business on June 16. Current chief executive John Osborn is set to retire on August 29.

Alexon owns the Bay Trading, Kaliko, Alex & Co, Eastex and Ann Harvey womenswear chains. It sold its only menswear operation Envy to retail entrepreneur John Kinnaird for £1 earlier this year.

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