UK: Matalan taps ex-Asda exec Leighton as chairman
- Leighton appointed as chairman
- Q2 revenue up 4.1% to GBP269.2m
- EBITDA rose 27.2% to GBP17.3m
Leighton holds a range of other non-executive positions including chairman of footwear retailer Office and Danish jewellery company Pandora. He was also chairman of value fashion retailer The Peacock Group, which collapsed into administration in January before selling its stores to Edinburgh Woollen Mill.
Mills said Leighton "brings a wealth of retail experience particularly in the value sector, which will support Matalan's ongoing development."
Matalan, which operates 217 stores in the UK, also revealed a 4.1% increase in second-quarter revenue to GBP269.2m (US$435m). EBITDA jumped 27.2% to GBP17.3m for the 13 weeks ended 25 August.
CEO Darren Blackhurst said: "Together, we continue to deliver outstanding value for our customers and have navigated our way through a challenging quarter, achieving robust results in a tough, competitive market.
"Whilst we remain cautious in our outlook, with the launch of our exciting new collections for autumn/winter and our continued focus on quality, service and value, we are confident we are well placed to delight customers in the months ahead."
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