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Bridgepoint’s Fat Face hires Sir Stuart Rose as chairman

4 Feb 2013

stuart rose_sqFat Face, the UK clothing retailer backed by mid-market buyout firm Bridgepoint, has taken on former Marks & Spencer’s boss Sir Stuart Rose as its new chairman.

Rose will replace Alan Giles, who will step down after almost seven years in the role. Rose will join the board on March 1 and succeed Giles as chairman on July 26.

He has also been a member of Bridgepoint’s Advisory Board since 2008.

Rose has extensive retail experience having previously been chairman and chief executive of Marks & Spencer, and chief executive of Arcadia Group, Argos and Booker.

The move comes just weeks after Rose became chairman designate of online grocer Ocado. He is also a non-executive director of Land Securities, chairman of Blue and a non-executive director of Woolworths, a South African-based listed retail group.

“Fat Face is now performing well and the company is positively positioned for a record year,” Giles said in a statement. “With the brand on firm foundations and a strong management team in place I feel that it is now time to hand over to a new chairman.

“I am confident that Stuart, working with Anthony Thompson, will be a powerful driver of yet further success for Fat Face.”

The move highlights Bridgepoint’s efforts to boost Fat Face’s performance, which the London-based firm bought from Advent International for £360m at the height of the buyout boom in 2007.

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