Supergroup, owner of retail brands Superdry and Cult, has today announced senior director Diane Savory is resigning from the company due to personal reasons.
Savory is the firm’s Chief Operating Officer and, having worked with company founder and CEO Julian Dunkerton for over 20 years, will be a huge loss.
A statement issued by Supergroup highlighted how instrumental she has been in developing the business and that she played a crucial role in preparing it for flotation.
Dunkerton commented: “We fully respect and understand Diane’s decision. It has been a pleasure to work with her over the last 20 years and I know she will remain passionate about the company and its future.
“She has always been highly professional, a good friend and I personally wish her well.”
A handover period will now commence where others within the UK-based company will assume Savory’s responsibilities, and she will work her last day for the firm on May 6th 2011.
Many of the key management appointments made by Supergroup over the years were overseen by Savory and the company’s board of directors also expressed their gratitude at her “enormous” contribution.
Started under the trading name Cult Clothing in 1985, the company opened its first Superdry store in Covent Garden, London in 2004 and quickly rose to prominence after securing several celebrity customers.
A month ago Supergroup reported a 90 per cent year-on-year rise in retail sales for its third quarter, and also announced plans to further expand its European operations.