Appointments of CEO and Chief Brand Officer

RNS Number : 1623S

In The Style Group PLC

12 November 2021

 

12 November 2021

In The Style Group plc

(" In The Style " or the "Group")

APPOINTMENTS OF CEO AND CHIEF BRAND OFFICER

In The Style strengthens executive leadership team with the appointments of Sam Perkins as CEO and Adam Frisby as Chief Brand Officer

In The Style, the fast-growing e-commerce womenswear fashion brand with an innovative influencer collaboration model, is pleased to announce the appointment of Sam Perkins as Group CEO, with effect from 17 January. 

Having led the company for the last seven years, including through its successful IPO earlier this year, Adam Frisby, Founder and CEO of the Group, has taken the decision to become Chief Brand Officer, a newly created Board level Executive Director role with responsibility for developing the Group's influencer partnerships and the brand's creative direction. Adam alongside the rest of the In The Style Board believe these appointments will enable the Group to deliver the next stages of long-term growth ambitions and achieve the brand's significant potential.

Sam has a successful and proven track record of delivering strategic and commercial success across multichannel and pureplay retailers. He joins In The Style from The Very Group, where he has held the role of Managing Director of the Group's retail division since 2018 and has helped to drive the company's transformation from a multi-brand catalogue business to a fast-paced pure-play retailer. The Very Group is one of the UK's largest digital pure-play businesses and owner of the Very and Littlewoods brands. In 2021, its retail division recorded revenues of more than £1.9bn. Prior to joining The Very Group in 2015 as Group Merchandising Director, Sam held various leadership roles at Tesco PLC and previously held senior roles at Nestle and PepsiCo.

Jim Sharp, Non-Executive Chairman , commented: "We are delighted that Sam will join In The Style as the Group's new CEO. Not only is Sam a truly outstanding candidate with a proven track record of delivering transformational growth at some of the UK's best-known retail brands, but his appointment as CEO will also enable Adam to focus his energy and talent on the newly created role of Chief Brand Officer with responsibility for developing In The Style's influencer relationships, leading the Group's product design, and spearheading the brand's creative development.

Sam's decision to join In The Style is testament to the Group's exciting ambitions and opportunities. I have every confidence that Sam and Adam will form a formidable partnership to drive forward the brand's continued expansion."

Sam Perkins , commented: "In The Style is a fantastic, innovative brand at an incredibly exciting time in its growth journey. The brand stands out in the market for its truly differentiated model and authentic inclusive brand values.

"Adam is an inspirational Founder and I have huge admiration for the business that he has built. I am looking forward to working alongside him and the rest of the senior management team to continue the Group's exciting growth and successfully deliver on its significant long-term potential."

Adam Frisby commented: "I'm really pleased to welcome Sam to In The Style. Not only does he have a fantastic track record at some amazing retail businesses, but it's also clear that we share a common vision for the future of In The Style.

With the scale of the business that we are today, and with the many growth opportunities we have to go after, I felt that now is the right time to further strengthen our senior management team. Sam brings relevant experience of scaling up very successful retail brands and his appointment will enable me to focus on the areas of the business where the Board and I believe I can make the biggest contributions to our future success. I'm really looking forward to working closely with Sam to successfully grow this wonderful brand and am incredibly excited about its future."

Pursuant to Schedule Two Paragraph (g) of the AIM Rules, the following information is disclosed in respect of Sam Perkins (aged 43):

During the past five years, Sam has held no company Directorships/Partnerships.

Sam holds no ordinary shares in In The Style.

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

Enquiries:

In The Style Group plc	Via Hudson Sandler
Jim Sharp, Non-Executive Chairman Adam Frisby, CEO Paul Masters, COO & CFO
Liberum Capital Limited (Nominated Adviser and Sole Broker)	Tel: [phone]
Clayton Bush Scott Mathieson Ed Thomas John Fishley Miquela Bezuidenhoudt
Hudson Sandler (Public Relations)	[e-mail]
Alex Brennan Lucy Wollam Nick Moore Jake Brown

Notes to Editors

In The Style is a fast-growing digital womenswear fashion brand with an innovative influencer collaboration model.

Founded in 2013 by entrepreneur Adam Frisby, the brand champions female empowerment, inclusivity, body positivity and real beauty.

The brand's innovative and highly adaptable influencer collaboration model, which sees it work with influencers on a long-term basis to collaboratively design, develop and promote branded collections, differentiates it from competitors.

In The Style currently partners with a stable of more than 15 influencers, including Stacey Solomon, Dani Dyer, Jacqueline Jossa and Billie Faiers. Together they enjoy a combined global social media reach of almost 30m followers.

 

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