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Drapers Top 100 2017 – 82. Adrian Mountford, chief executive, Pep & Co

Last year: 27

It has been a muted year for Adrian Mountford, compared to the fanfare with which Pep & Co burst on to the scene in 2015. The value retailer opened 50 stores in 50 days following its launch, but this proved to be a costly strategy.

Adrian Mountford, Pep & Co

Adrian Mountford, Pep & Co

The extent of its losses were made apparent earlier this year. Holding company Pepkor UK recorded sales of £29m between 27 June 2015 and 24 September 2016, but it made a pre-tax loss of £18.9m.

The business has since changed tack by slimming down its retail portfolio, shuttering 20 standalone stores – or a third of its estate – and instead opening shop-in-shop concessions in large Poundland units.

It plans to open 100 altogether this year, and has also agreed a deal with Irish discount retailer Dealz to open concessions in “a significant number” of its 60 stores.

Back to Drapers Top 100 2017

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