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New Argos boss handed free rein to shake-up firm
THE NEWLY appointed managing director of Argos, the catalogue and shop chain, said he has been given a free rein to examine all options for the struggling business, including closing some of its 750 shops.
John Walden, a 52-year-old American who started his job at the Home Retail owned business three days ago, said yesterday: “They’ve certainly given me really a complete blank piece of paper and asked me to bring a new perspective to the business without constraints.
“In terms of the store franchise I’ll be looking at that with a fresh view as well. I’m open to all options, including shutting down stores or growing stores,” he added.
The new MD said it was too early to say when he will present the results of his review to investors.