Chief executive, Matalan
Matalan has outperformed many of its value fashion rivals this year under Alistair McGeorge, whose most notable achievement was the well-timed launch of young fast-fashion brand Be Beau for spring 09. The own brand smashed internal sales targets by 250% in its first few months and helped bolster the retailer’s overall sales, which rose 8.2% on a like-for-like basis during the 14 weeks to June 6.
A strong footwear offer also saw the retailer win Value Footwear Retailer of the Year at the Drapers Footwear Awards in May.
In October, Matalan received bids from a number of private equity firms, rumoured to be BC Partners, Blackstone, TPG, Warburg Pincus and Advent. The high price tag attached to the chain, which could be sold for as much as £1.5bn, shows the efforts of McGeorge have paid off. It is unclear whether McGeorge plans to stay on after the sale.