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Andrew Coppel to chair UK's Arcadia Group

Nov '19
Pic: Shutterstock
Pic: Shutterstock
Andrew Coppel, the former chairman and chief executive officer (CEO) of the financial advisory entity De Vere Group and now a portfolio non-executive director, will chair British retailer Topshop Topman Ltd and Taveta Investments as well as retail chain Arcadia, which has been struggling financially while competing with online fashion sites.

Despite the ongoing headwinds for UK retailers, I am confident this progress will continue, Arcadia chief executive Ian Grabiner said welcoming Coppel on board.

Coppel said he was sure Arcadia would turn itself around. “While the group is not immune to the challenges affecting the UK retail sector, it owns several outstanding high street brands,” British media reports quoted him as saying.

Coppel was chief financial officer (CFO) of Ratners Group, chair and CEO of Sale Tilney, chief executive of Queens Moat Houses and the Jockey Club Racecourses before becoming chair and CEO at De Vere.

He is currently chair of Dolphin Capital Investors, an AIM-listed developer of real estate in Greece, Cyprus, Croatia and Turkey, and chair of the Trustees of Shooting Star Children’s Hospices.

Earlier in the summer, Arcadia narrowly avoided collapse when its creditors agreed by a small majority to a rescue plan.

Fibre2Fashion News Desk (DS)

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