Asda has approached the boss of Fats Face, the excessive avenue style model, to take the helm of George, its clothes division, as the brand new house owners of the grocery store chain orchestrate a management assessment.
Sky Information has realized that Liz Evans, who has run Fats Face since 2018, is a prime contender to change into the subsequent CEO of George, Britain’s largest clothes retailer by quantity.
Sources indicated Wednesday that Evans had not but formally accepted the place, however stated she was “the kind of high-caliber candidate that may be of curiosity to Asda.”
If confirmed, the appointment of Ms Evans would additional quell hypothesis that Asda’s new shareholders may search to divest from George’s enterprise.
The model is the UK’s third largest clothes retailer by worth, behind Subsequent and Marks & Spencer with a 5.5% share.
Previous to becoming a member of Fats Face, Evans ran the Oasis and Warehouse manufacturers and in addition held varied positions at M&S.
Asda has been on the lookout for a successor to Steph Strike, George’s earlier CEO, who resigned earlier this 12 months.
The grocery store big can be in search of a brand new CEO following the announcement that Roger Burnley could be stepping down.
Asda was purchased earlier this 12 months by the Issa brothers, the entrepreneurs behind the gas retail empire EG Group, and TDR Capital for £ 6.8bn.
Walmart’s determination to promote Asda adopted the abandonment of a merger with J Sainsbury for aggressive causes.
The brand new house owners of the grocery store chain are decided to revitalize the enterprise after a interval during which it has demonstrated the weakest comparable gross sales efficiency of Britain’s 4 largest supermarkets.
Asda is among the UK’s largest personal sector employers, with greater than 146,000 staff.
It’s bought in additional than 600 supermarkets, impartial service stations and Asda Dwelling dwelling items shops.
Asda’s seek for a brand new boss now takes place within the context of a bidding warfare for rival Wm Morrison.
A consortium led by Fortress Funding Group agreed to £ 6.three billion Morrisons takeoverHowever it faces competitors from Clayton Dubilier & Rice, a personal fairness investor that has had profitable stints rising companies like B&M, the low cost retailer.
The appointment of a brand new CEO at Asda will characterize the newest in a collection of adjustments on the prime of Britain’s main supermarkets, which have been the large company winners from the pandemic.
Ken Murphy just lately changed Sir Dave Lewis as Tesco’s CEO, whereas at Sainsbury’s, Simon Roberts changed Mike Coupe final 12 months.
Asda declined to remark, whereas Evans was not accessible for remark.