Shake-Up at British Fashion Retailer: CEO Exit and Strategic Review

British online fashion retailer announced the departure of CEO John Lyttle and the launch of a strategic review to enhance shareholder value. The company secured a £222 million debt facility and reported a 7% drop in H1 sales by GMV.

In a significant leadership change, the British online fashion retailer has announced that CEO John Lyttle will be stepping down as part of a larger strategic initiative.

The company is undertaking a review of its various divisions to maximize shareholder value, highlighting a comprehensive effort to bolster its market position.

Additionally, the retailer has secured a substantial £222 million debt facility, though it reported a 7% decline in gross merchandise value sales for the first half of the year.

(With inputs from agencies.)