Bradbury was the previous CEO of River Island and rejoined the retailer in December 2022 as government chair, having beforehand left the enterprise in 2010.
Following Bradbury’s determination to resign, the retailer has mentioned that Ben Lewis, whose uncle Bernard Lewis is the founder and proprietor of the enterprise, will return to the place of CEO with rapid impact, a place he beforehand held for nearly a decade till 2019.
Ben Lewis mentioned: “I’m excited to be rejoining River Island at such a pivotal time. Richard has constructed an incredible staff, and I sit up for working with them to proceed to develop the enterprise and seize the various alternatives forward.”
Bradbury added: “It has been an incredible honour to have labored on this wonderful enterprise twice. The River Island staff is unimaginable, and over the past two years we now have achieved a lot collectively to place the enterprise for its subsequent part. I do know that River Island can be in sturdy and succesful arms beneath the skilled management of Ben, who is aware of the enterprise inside out.”
In September 2023, River Island appointed Jane Eskriett and Richard Grainger as co-managing administrators, becoming a member of from Boohoo Group and Subsequent respectively.
Elsewhere, Clive Lewis, son of Bernard Lewis, will even tackle his earlier function as non-executive chair, with rapid impact.
He commented: “Richard steps down having made a powerful affect on the enterprise and the board is extraordinarily grateful for his management. With Ben’s deep historical past with River Island, there isn’t a query that he’s the fitting particular person to steer the corporate into its subsequent chapter.”
These appointments observe a raft of job cuts on the retailer. In January, River Island launched a redundancy programme at its London head workplace after drafting in AlixPartners to work on value financial savings, with employees throughout departments together with shopping for, merchandising and HR impacted.
The retailer additionally recorded a pre-tax lack of £32.3m within the 12 months to 30 December 2023, in contrast with a revenue of £7.5m in 2022.
