Studio hires Rupert Nichols as Trading Director
Studio Retail Group has continued its efforts to strengthen its senior team with the appointment of Rupert Nichols as Trading Director.
In his new role with the online value retailer, Nichols will be responsible for driving new trading opportunities whilst continuing to develop its purchasing and supply chain strategy.
Nichols was most recently Group Buying Director at Dixons Carphone, previously also working with DSGi and Sainsbury's.
Studio is currently implementing a range of digital initiatives to transform the business, launching an award-winning mobile app last year.
Paul Kendrick, Managing Director of Studio, said: “We have ambitious plans to grow and expand our business and with the current challenges across the sector, there’s a lot of work ahead.
"Rupert’s extensive trading knowledge and experience, particularly in online retail, is a welcome addition to an already strong leadership team, which I have no doubt will help us to achieve our goals.”
Nichols added: “I’m thrilled to be joining Studio at such an exciting time in its journey. Thousands of customers shop with us every day, seeking great products at amazing value and I’m looking forward to supporting the business to achieve this.”
Last month, Studio announced it had withdrawn a revolving credit facility (RCF) of £85 million and a securitisation facility of £200 million to ensure it has sufficient liquidity amid the repercussions of the COVID-19 crisis.