N Brown Group CFO announces departure
Izzard will be leaving the group to pursue a career outside of the online fashion and consumer credit industry. The process to find a successor is now underway. Izzard will work her 12 month notice period whilst a successor is identified.
The announcement comes after N Brown Group reported a 4.6% drop in revenue to £331.5 million for the first half ending 27 August 2022, largely due to ongoing macroeconomic challenges.
Adjusted profit before tax was down 82.4% to £4.3 million and adjusted net debt totalled £243.5 million, compared to £268.3 million in 2021.
Earlier this month, N Brown Group appointed Helen Low as the group’s new Director of Design. Low joined the group from Joules, where she served as Head of Design.