New Look head of menswear design Sean Ryan has left the fast-fashion chain, two months after the departure of head of menswear Steve Lawton to join rival Primark.
Menswear makes up about 10% of New Look’s business, which turned over £1.5bn and reported underlying profits of £163m in the year to March 27, and forms a key element of the value chain’s growth strategy. It is unclear where Ryan has gone but the retailer is recruiting for a replacement.
Meanwhile, New Look finance director Patrick Burrows and group business change director Adrian Thompson have also made surprise exits from the chain.
The departures are the latest in a string of key personnel changes at the retailer following the postponement of its £1.7bn IPO in February. Six months later chief operating officer Lex Gemas made a sudden exit and Will Kernan, formerly group managing director, took on the role in September. It is understood Kernan has begun a restructure at the business.
The retailer said Burrows and Thompson had left by mutual agreement “to pursue other interests” and that it was in the process of reassigning their responsibilities.
New Look, which was taken private six years ago for £800m by founder Tom Singh and private equity firms Apax Partners and Permira, is not expected to reconsider a float before 2012 because of poor trading conditions on the high street.