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

Jane Norman taps up Stewart Binnie for chairman

Jane Norman has approached Aurora non-executive president Stewart Binnie to become its new chairman, according to reports.

Women’s young fashion chain Jane Norman is understood to be in talks with Binnie, who would retain his role at Aurora, the group behind chains Karen Millen, Coast, Oasis and Warehouse, if he accepted the job, according to The Independent.

Both Jane Norman and the Aurora chains were hit by the Icelandic banking crisis of 2008 when both had backing from Icelandic investment firm Baugur and banking firm Kaupthing.

Jane Norman has experienced difficult trading recently with EBITDA falling to £15.8m, down from £29.5m the year before on flat sales of £148.8m. However, Jane Norman finance director and deputy chief executive Ian Findlay told Drapers in February that like-for-like sales in the 10 weeks to February 6 rose 5% and that profits were up on last year.

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.