Former House of Fraser Exec Allan Winstanley Takes the Helm at Morleys Department Stores
- Morleys hires former House of Fraser exec as new CEO
- Allan Winstanley takes over from Nigel Blow
- Winstanley returns to the UK after working with Myer department stores in Australia and Selfridges Dutch department store business De Bijenkorf
Morleys department stores have appointed former House of Fraser executive Allan Winstanley as their new CEO, succeeding Nigel Blow. Winstanley, who has a wealth of experience from his time with Myer department stores in Australia and Selfridges Dutch department store business De Bijenkorf, will take up the role in January. Prior to this, he held positions at Sears and Kmart apparel in the US and led House of Fraser’s women’s apparel, accessories, and beauty business. Nigel Blow, who previously worked for department store Harrods, has moved on to become chief executive of Fenwick but faced allegations that led to the withdrawal of his role at the last minute.
Factuality Level: 8
Factuality Justification: The article provides relevant information about Morleys department stores appointing Allan Winstanley as its new CEO and includes his previous work experience. It also mentions the departure of Nigel Blow due to sexual assault allegations against Harrods’ previous owner Mohamed Al Fayed. The article is mostly factual, but it lacks some details about Jollyes and Joe Wykes’ plans for the pet retailer.
Noise Level: 3
Noise Justification: The article provides relevant information about the appointment of a new CEO at Morleys department store and mentions the background of the new CEO, but lacks in-depth analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the appointment of a new CEO for Morleys department stores, which is related to the retail industry and may have financial implications for the company. However, there is no mention of any specific impact on financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text and it does not discuss any event that happened within the last 48 hours.
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