Friday 1 February 2019 12:29 pm

Interim Debenhams chair shortlisted for Moss Bros role

The interim chair of Debenhams could be in line for the role of chair at suit retailer Moss Bros.

According to Sky News, Terry Duddy has been shortlisted as a potential successor to current Moss Bros chair Debbie Hewitt, who will step down from her role later this year.

Duddy took on the chairman role last month after Sports Direct boss Mike Ashley launched a coup at the struggling retailer’s annual general meeting, ousting chair Sir Ian Cheshire and kicking chief executive Sergio Bucher from the board.

Further reading: Mike Ashley loses patience with Debenhams, pushing chair and chief executive from board

Last week property group Hammerson said Duddy would step down three months early form his role as senior independent director after his acceptance of the chair role at Debenhams.

Duddy has a long track record in the retail sector having been chief executive of Argos parent the Home Retail Group between 2006 and 2014, and having previously served as chief executive of Argos.

Moss Bros had a better-than-expected Christmas trading period, with sales for the 23 week period from 29 July to 5 January 0.6 per cent ahead of last year and one per cent down on a like-for-like basis.

Moss Bros said it anticipates delivering performance in line with current revised market consensus of an adjusted loss of £0.6m.

Debenhams and Moss Bros were contacted for comment. 

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