Position last year: 8
Anders Kristiansen has shown his confidence in New Look’s product offer this year by leading the value retailer into new territory with the launch of four standalone menswear stores and plans to have around 15 by the end of 2016.
But he falls one place from last year as although sales rose 5.9% to £756m and pre-tax profit leapt 40.6% to £39.5m for the 26 weeks to September 26, the retailer made a statutory pre-tax loss of £53.7m as a result of costs from debt repayments and refinancing following its sale to South African billionaire Christo Wiese’s investment vehicle in May (see Christo Wiese, number 6).
Kristiansen is also pushing for further expansion in China, where it currently has 52 stores out of a total portfolio of more than 800 and has signed leases to have 85 by the end of March 2016. Further rollout is 12 to 18 months away, as New Look needs to tailor around a third of the ranges to fit a smaller Asian frame.