{"id":214160,"date":"2022-08-12T09:00:31","date_gmt":"2022-08-12T08:00:31","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=214160"},"modified":"2022-08-12T17:23:26","modified_gmt":"2022-08-12T16:23:26","slug":"i-saw-it-first-reshuffles-board-as-founder-jalal-kamani-steps-down","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/i-saw-it-first-reshuffles-board-as-founder-jalal-kamani-steps-down\/","title":{"rendered":"I SAW IT FIRST reshuffles board as founder Jalal Kamani steps down"},"content":{"rendered":"
Following its acquisition by Frasers Group<\/a><\/span> last month, fashion etailer I SAW IT FIRST<\/a><\/span> has reshuffled its Board of Directors with three members of the Kamani family stepping down.<\/strong><\/p>\n According to an update on Companies House<\/a>, the Manchester based-business' founder Jalal Kamani, Mustafa Kamani and Tayyab Kamani have all resigned as Directors of the company on 27 July 2022.<\/p>\n Stephen Mucklow, a long-term associate of Mike Ashley, was appointed as Director on the same day. Mucklow was also installed as a Director of Lancashire-based Studio Retail<\/a><\/span> in May, following its takeover by the company.<\/p>\n Greg Pateras has resigned as a Director but remains CEO of the company. Leanne Holmes, its Buying, Merchandising and Brand Director has also resigned.<\/p>\n The registered address of the company has also moved from Manchester to Mansfield. Sportsdirect.com Retail Ltd currently holds 75%+ of I SAW IT FIRST's shares and voting rights.<\/p>\n Fraser Group, which owns\u00a0Sports Direct<\/a><\/span>,\u00a0Flannels <\/a><\/span>and House of Fraser<\/a><\/span>, had announced the acquisition of I SAW IT FIRST for an undisclosed sum at the end of last month, after rescuing Missguided out of administration in June 2022<\/span><\/a> for \u00a320 million.<\/p>\n I SAW IT FIRST was founded in 2017 by Jalal Kamani, the brother of Boohoo Co-founder Mahmud Kamani. The online fast fashion brand had reported a 30% increase in revenue for its annual results ending 3 October 2021. However, despite an increase in sales, I SAW IT FIRST reported a loss after tax of \u00a37.8 million.<\/p>\n","protected":false},"excerpt":{"rendered":" […]<\/p>\n","protected":false},"author":99,"featured_media":214165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10488,9763,6,10494],"tags":[15588,14634,20165,11421,10670],"acf":[],"yoast_head":"\n