FatFace CFO departs following IPO u-turn

by Richard Crump

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07 Aug 2014

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THE FINANCE CHIEF at FatFace has left the businesses months after the surf-inspired clothing retailer shelved plans for a stock market flotation.

Helen Cowing joined the fashion brand in August 2013 to help prepare for its IPO, having previously worked at Kraft, PepsiCo and, most recently, as chief financial officer at Selecta Group.

A FatFace spokesperson said Cowing has left the business to "pursue career opportunities elsewhere".

"We thank Helen for her contribution to the business, particularly during the IPO process which we were undertaking earlier in the year," the company said.

The company's private equity owners Bridgepoint aborted its planned £110m listing in May as a result of difficult equity market conditions.

Will Crumbie, head of finance and reporting at FatFace, has taken on the role on an interim basis.

For the year to 31 May, sales grew 12% to £200m and earnings jumped 26% to £39.3m.

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