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Tom Tailor - Marc Schumacher is Vice President Retails
01
Jul '11
The Supervisory Board of TOM TAILOR Holding AG has appointed Dr Marc Schumacher (33) to its Management Board with effect from 1 July 2011. In this newly created Management Board position he will be responsible for the Group's retail activities. With this appointment, the Company is reflecting the importance of its TOM TAILOR stores to its continued growth.

The global responsibility for retail areas controlled by TOM TAILOR will be overseen by this new retail management department. The new Management Board member's responsibilities will include expansion of the Group's self-managed retail space and the systematic development of its trade marketing activities so as to maximise the brand experience for consumers. The TOM TAILOR Management Board anticipates that this will make its continued expansion into its domestic and foreign core markets all the more focused and efficient.

Dr Marc Schumacher joined the TOM TAILOR Group in 2008 and most recently held the position of Director of Retail & International Marketing. Before joining TOM TAILOR, he worked for the Breuninger Group and HUGO BOSS.

'The creation of a new Management Board position specifically for the Group's retail activities sends out a clear message concerning the significance of this area to the ongoing growth of TOM TAILOR. The Supervisory and Management Boards are certain that this is the perfect time to take this step. Dr Schumacher has done some excellent work in this area in recent years and will no doubt systematically further the Group's expansion,' said Uwe Schröder, Chairman of the Supervisory Board of TOM TAILOR Holding AG.

Sales in the Retail segment increased by 35 percent to EUR 27.4 million in the first quarter of 2011 (Q1 2010: EUR 20.3 million). In the first half of 2011, TOM TAILOR opened 57 self-managed retail stores and now operates more than 200 of them. In all, the Company intends to open between 60 and 70 new retail stores in the course of this year.

The TOM TAILOR Group is an international and vertically integrated lifestyle company. It offers stylish casual wear and accessories for men, women, teenagers and children in the medium price range.

TOM TAILOR Holding AG

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