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The Very Group appoints Lionel Desclée as group CEO

365 Retail

Having led the management buyout of the business from Delhaize Group, Lionel increased the company’s digital offering, enhanced profitability and launched new store concepts. Under Henry Birch’s leadership, The Very Group broke the £2bn-sales mark for the first time in 2020 and, in 2021, delivered record revenue and EBITDA.

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Neiman Marcus kicks the can down the road. So now what?

Steve Dennis

When the company went through its second private-equity-led leveraged buyout in 2013 (note: I was the head of strategy and multichannel marketing during the first, in 2005), the new owners clearly overpaid and saddled the company with interest payments that constrain the company’s ability to execute a long overdue transformation.