John Lewis Partnership Appoints Fashion Retail Expert, Will Kernan, to its Board
John Lewis Partnership is excited to announce the appointment of a seasoned fashion retail executive, Will Kernan, as a crucial Non-Executive Director. Kernan is set to join the board on September 12th, succeeding Nish Kankiwala, who assumed the role of JLP’s CEO in March after serving as a non-executive director for two years.
Meet Will Kernan: A Fashion Retail Visionary
Will Kernan brings a wealth of fashion retail expertise to his new role. His impressive career includes serving as the CEO of River Island, where he made significant contributions to the brand. Prior to that, Kernan spent five successful years as the CEO of The White Company. His extensive experience also includes a remarkable 13-year tenure at New Look, where he assumed various pivotal roles, from Group Financial Director to Group Trading Director, COO, and, ultimately, Group Managing Director. Currently, Kernan holds the position of Chairman at the renowned interiors brand, Neptune.
Sharon White, Chairman of the John Lewis Partnership, expressed her enthusiasm about Kernan’s appointment, stating, «We are fortunate to have Will Kernan join us, bringing his extensive experience and expertise to play a significant role in our ongoing transformation. In addition to his outstanding retail background, Will shares a genuine interest in and support for the Partnership model.»
This strategic appointment underscores the enduring importance of fashion retail for the company as it diligently works towards its turnaround.
Temporary Delays in Oxford Street Development Project
In parallel, John Lewis is experiencing temporary delays in the £150 million sale of a portion of its Oxford Street flagship store. Last year, JLP partnered with developer Hines and Korea’s National Pension Services to repurpose the upper floors of the Oxford Street store into modern office spaces.
Initially, potential investors were eager to commit £150 million to this exciting project. However, fluctuations in property values and rising interest rates have momentarily slowed progress, as reported by The Times.
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