Iddon will join New Look from UK supermarket retailer Tesco

Iddon will join New Look from UK supermarket retailer Tesco

UK value fashion retailer New Look has poached Tesco's finance director, Mike Iddon, as its new chief financial officer.

Iddon, who has served as group finance director, planning, treasury and tax at the supermarket retailer since March 2011, will replace interim CFO Richard Collyer.

Throughout his 13 year tenure at Tesco, Iddon has held the roles of finance director in South Korea, group property finance director, and non-food finance director. Prior to Tesco, he held senior positions at Kingfisher and Whitbread.

New Look yesterday (3 June) said it is exploring strategic options for its French retail chain Mim, including a possible sale, after posting an annual pre-tax loss of GBP55m (US$92.2m).

But the company, which operates 576 stores in the UK, saw like-for-like sales in the country grow 3%, and unveiled plans to take more space this financial year.