Asda has approached the boss of Fats Face, the excessive avenue style model, about taking the helm at George, its clothes arm, because the grocery store chain’s new house owners orchestrate a management overhaul.
Sky Information has learnt that Liz Evans, who has run Fats Face since 2018, is a number one candidate to turn out to be the subsequent chief govt of George – Britain’s greatest clothes retailer by quantity.
Sources indicated on Wednesday that Ms Evans had but to formally settle for the position however mentioned she was “the sort of high-calibre candidate who can be of curiosity to Asda”.
If confirmed, Ms Evans’ appointment would additional quell hypothesis that Asda’s new shareholders would possibly look to dump the George enterprise.
The model is the UK’s third-biggest clothes retailer by worth, behind Subsequent and Marks & Spencer with a 5.5% share.
Previous to becoming a member of Fats Face, Ms Evans ran the Oasis and Warehouse manufacturers and in addition labored in a number of roles at M&S.
Asda has been attempting to find a successor to Steph Strike, George’s earlier managing director, who resigned earlier this 12 months.
The grocery large can also be looking for a brand new chief govt following the announcement that Roger Burnley would step down.
Asda was purchased earlier this 12 months by the Issa brothers, the entrepreneurs behind gas retailing empire EG Group, and TDR Capital for £6.8bn.
Walmart’s determination to promote Asda adopted the abandonment of a merger with J Sainsbury on competitors grounds.
The grocery store chain’s new house owners are decided to reinvigorate the enterprise after a interval by which it has demonstrated the weakest like-for-like gross sales efficiency of Britain’s 4 greatest grocers.
Asda is without doubt one of the UK’s greatest non-public sector employers, with greater than 146,000 workers.
It trades from greater than 600 supermarkets, standalone petrol stations and Asda Residing homewares shops.
Asda’s seek for a brand new boss is now being performed towards the backdrop of a bidding warfare for rival Wm Morrison.
A consortium led by Fortress Funding Group has agreed a £6.3bn takeover of Morrisons, however faces competitors from Clayton Dubilier & Rice, a non-public fairness investor which has had profitable stints rising companies corresponding to B&M, the low cost retailer.
The appointment of a brand new chief govt at Asda will symbolize the newest in a flurry of modifications on the high of Britain’s main supermarkets, which have been massive company winners from the pandemic.
Ken Murphy just lately changed Sir Dave Lewis as chief govt of Tesco, whereas at Sainsbury’s, Simon Roberts took over from Mike Coupe final 12 months.
Asda declined to remark whereas Ms Evans was unavailable for remark.