Boots poaches former Asda exec as strategy and transformation director

Boots owner strikes $10bn takeover deal with US private equity firm
Health & BeautyNews

Boots has named former Asda strategy head Preyash Thakrar as its new strategy and transformation director, as the cosmetics retailer “embarks on a significant period of change”.

The executive previously served as chief strategy and customer officer at Asda, leading the grocer’s strategy and partnerships team. He stepped down from the supermarket shortly after its takeover by the Issa brothers in 2021.

In his most recent role, Thakrar worked as a partner and headed consumer and retail at KPMG UK.


Subscribe to Retail Gazette for free

 Sign up here to get the latest news straight into your inbox each morning 


Commenting on the appointment, Thakrar said : “I am absolutely delighted to confirm I will be returning to industry and joining Boots UK as strategy and transformation director. I’m looking forward to working alongside Sebastian James, CEO, and the rest of the team.

“I’m excited to have the opportunity to lead our strategy, transformation, property and business tech transformation teams as we embark on a significant period of change for the Boots business and the industry as a whole. Fun times ahead!”

In January, Boots saw a strong retail sales performance of 9.8% year-on-year, on top of the 8.7% growth in the prior year, during its first quarter results.

Footfall in stores grew 7% year-on-year, while Boots.com sales were up 17.5% compared to last year, contributing 19.2% of sales for the quarter.

Click here to sign up to Retail Gazette‘s free daily email newsletter

Health & BeautyNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Health & BeautyNews

Share:

Boots poaches former Asda exec as strategy and transformation director

Boots owner strikes $10bn takeover deal with US private equity firm

Boots has named former Asda strategy head Preyash Thakrar as its new strategy and transformation director, as the cosmetics retailer “embarks on a significant period of change”.

The executive previously served as chief strategy and customer officer at Asda, leading the grocer’s strategy and partnerships team. He stepped down from the supermarket shortly after its takeover by the Issa brothers in 2021.

In his most recent role, Thakrar worked as a partner and headed consumer and retail at KPMG UK.


Subscribe to Retail Gazette for free

 Sign up here to get the latest news straight into your inbox each morning 


Commenting on the appointment, Thakrar said : “I am absolutely delighted to confirm I will be returning to industry and joining Boots UK as strategy and transformation director. I’m looking forward to working alongside Sebastian James, CEO, and the rest of the team.

“I’m excited to have the opportunity to lead our strategy, transformation, property and business tech transformation teams as we embark on a significant period of change for the Boots business and the industry as a whole. Fun times ahead!”

In January, Boots saw a strong retail sales performance of 9.8% year-on-year, on top of the 8.7% growth in the prior year, during its first quarter results.

Footfall in stores grew 7% year-on-year, while Boots.com sales were up 17.5% compared to last year, contributing 19.2% of sales for the quarter.

Click here to sign up to Retail Gazette‘s free daily email newsletter

Social


SUBSCRIBE TO OUR DAILY NEWSLETTER

  • This field is for validation purposes and should be left unchanged.
Health & BeautyNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

RELATED STORIES

Latest Feature

Interview: How Palmer’s 20-year logistics partnership is fuelling its European expansion

Palmer’s may be one of the most familiar names on the bathroom shelf, but behind the cocoa butter bottles is a surprisingly small UK operation. ET Browne UK, which distributes the American family-owned skincare brand, has grown its sales while keeping its core team to fewer than 20 people. Now, as a new Tahitian Vanilla range brings younger shoppers to the brand and the company looks to expand further into Europe, the pressure is falling on the supply chain to keep up.

Palmer’s may be one of the most familiar names on the bathroom shelf, but behind the cocoa butter bottles is a surprisingly small UK operation.

ET Browne UK, which distributes the American family-owned skincare brand, has grown its sales while keeping its core team to fewer than 20 people.

Now, as a new Tahitian Vanilla range brings younger shoppers to the brand and the company looks to expand further into Europe, the pressure is falling on the supply chain to keep up.

Read More


Menu



Please enter the verification code sent to your email: