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

Drapers Top 100 2017 – 51. Alistair McGeorge, executive chairman, New Look


Alistair McGeorge, New Look

New Look has had a difficult year with plummeting profits, falling sales and high-profile staff departures. In a bid to rescue the ailing retailer, former New Look executive chairman Alistair McGeorge has been parachuted back into his old role.

McGeorge was previously executive chairman of New Look from May 2011 to September 2013, during which time he was credited with turning its fortunes around. He was also non-executive chairman from October 2013 to May 2014.

In the company’s most recent financial results adjusted EBITDA plummeted by 72.2% year on year to £24.2m in the 26 weeks to 23 September, which it put down to a “challenging” UK sales performance. It reported an underlying operating loss of £10.4m, compared to a £59.3m profit in the same period the year before. Total revenue was down 4.5% to £686m.

It remains to be seen if McGeorge can work his magic once again, but the industry – and the New Look board – wait with bated breath.

Back to the Drapers Top 100


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.