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UK firm New Look appoints Mike Coupe as non-executive chairman

07 Sep '21
3 min read
Mike Coupe; Pic: Sainsbury
Mike Coupe; Pic: Sainsbury

The board of New Look Retail Holdings Ltd, a British leading fashion retailer, has announced that Mike Coupe will succeed Alistair McGeorge as non-executive chairman of the company, effective September 29, 2021. Coupe will replace McGeorge who, following a prior tenure as chairman from 2011-2014, returned to New Look as executive chairman in November 2017.
 
Coupe brings a wealth of retail expertise and experience, having led J Sainsbury plc as chief executive officer for over six years until 2020, which included the growth of its Tu Clothing business and the successful acquisitions of Home Retail Group (the former parent company of Argos and Habitat) and Nectar, according to the company’s statement. Coupe is also non-executive chairman of Oak Furnitureland and Harding Retail.
 
McGeorge stepped back from day-to-day operations to become non-executive chairman in January 2020, following the appointment of Nigel Oddy as chief executive officer, the UK-based multi channel retailer added. Over the past 18 months McGeorge has worked closely with Oddy in overseeing the successful management of the business through the Covid-19 pandemic, 2020 CVA and recapitalisation, which has established a firm foundation for the company’s future growth.
 
“After four years as chairman, now is the right time for me to stand down. New Look is in a remarkably better position now than it was when I returned to it in 2017. This is fundamentally due to decisive actions taken to restructure the business operationally and financially, and to recover the broad appeal fashion and great value that New Look is known for, which has been led by Oddy and his team,” McGeorge, outgoing non-executive chairman at New Look, said in a press release. “I leave the business in incredibly capable hands and the company will benefit greatly from Coupe’s invaluable expertise, experience and oversight as it looks to continue on the positive trajectory it is set on.”
 
“I am delighted to be joining New Look at this moment in time. As a leading womenswear brand known for its broad appeal fashion, the business has a significant opportunity to capitalise on through its omnichannel model and loyal customer base. I am looking forward to working closely with Oddy and the rest of his team to deliver long-term and sustainable growth,” Coupe, incoming non-executive chairman at New Look said.
 
“McGeorge contribution to New Look has been invaluable. He has provided strategic vision, operational experience, and wise counsel to the board during his tenure. McGeorge leaves the business with a clear strategy and in a strong position for future growth,” Oddy, chief executive officer at New Look, said in the release. “I am delighted that Coupe is joining the company as chairman, and having spent time with him already, we both share the same excitement and enthusiasm to deliver on our strategy, through the combination of a cohesive omnichannel model, conveniently located stores, and feel-good fashion at great prices.”

Fibre2Fashion News Desk (JL)

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