JD Sports activities appoints Régis Schultz as new boss

British sportswear retailer JD Sports activities continued the boardroom overhaul with the appointment of Régis Schultz as the brand new CEO.

The French retail veteran will be a part of the Al-Futtaim group, the place he has been president of retail since 2019. The Dubai-based conglomerate operates shops corresponding to Ikea, Marks and Spencer and Zara within the Center East, Asia and North Africa.

Previous to his tenure at Al-Futtaim Group, Schultz was CEO of Monoprix, the French grocery chain.

The French government has a protracted historical past on the helm of assorted retail divisions, having additionally served as chief working officer of the UK DIY chain B&Q and labored at furnishings and electrical retailers.

His appointment comes a month after Andy Higginson changed Peter Cowgill as president of the coach and streetwear retailer, after he left following clashes with the UK competitors regulator over his resolution to dam. retrospectively, JD’s 2019 acquisition of small rival Footasylum.

JD Sports activities stated on Monday that it was promoting Footasylum for a major loss, accepting £ 37.5m from German funding group Aurelius, in comparison with £ 90.1m JD spent shopping for it from the inventory market in 2019.

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