// Sean Anglim steps down as Laura Ashley’s joint chief operating officer
// He is also Laura Ashley’s financial director
// Group financial controller Sagar Mavani will replace Anglim as chief financial officer
Laura Ashley has announced the resignation of Sean Anglim, its finance director and joint chief operating officer, after more than 20 years with the retailer.
Anglim will remain with Laura Ashley until the end of 2019.
In the meantime, financial controller Sagar Mavani has been promoted to the role of chief financial officer to replace him.
Anglim has been part of Laura Ashley since 1996.
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He worked his way up to chief financial officer in 2009, and then joint chief operating officer in 2011.
In 2012, he was appointed to both roles.
“The board would like to take this opportunity to thank Mr Anglim for his contribution during his tenure with the company and to wish him the very best for the future,” Laura Ashley said in a statement.
Anglim’s departure comes during a difficult period for Laura Ashley, after it swung to a full-year pre-tax loss of almost £10 million earlier this year.
The loss was driven by poor performance in its home furnishings business and an online sales decline.
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2 Comments. Leave new
Went into Laura Ashley last week… it’s just not moved on since the 80’s when my Mum used to shop there, and full of poor quality gifts and tat. They need to move a bit more upmarket and get some new contemporary designers on board to appeal to a new generation… I suspect their ageing customer base is dwindling. Shame that these brands simply can’t see the woods for the trees in terms of evolving their offer.
Personally I love Laura ashley shops I like the old format and I’ve been told they are streamlining the interiors whereby they will no longer have fabric on rolls to buy nor papa only samples to choose from, Iam not sure how this will work for interior designers not attached to the group.