Noni B’s director steps down after Packer’s divestment

Noni BBradley Kady has resigned as a non-executive director of women’s fashion chain, Noni B, following last weeks sell off of shares by James Packer’s Consolidated Press Holdings (CPH).

Kady, who joined the company in September last year following the company’s acquisition of the Pretty Girl Group from CPH, also assisted the fashion chain’s board with the integration of the Pretty Girl business into the Noni B Group.

The retailer recently posted positive growth in revenue for the half year ending December 25, 2016, which already includes a four-month contribution from the recently acquired Pretty Girl business.

The retailer reported group total revenue increase to $143 million for the half and positive growth in like-for-like sales, notwithstanding the exclusion of Boxing Day from the half.

The group posted $14.3 million EBITDA for the half, and statutory after-tax profit of $2.5 million reflecting the after-tax impact of one-off transaction and restructuring costs.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

Comments

Comment Manually

Twitter

The worst case scenario for many retailers came to fruition on Monday afternoon, when Victorian Premier Daniel Andr… https://t.co/zyRB162Yip

7 hours ago

Retail in Melbourne to be forced to close from 11:59pm this Wednesday. Contactless click-and-collect and online del… https://t.co/8um79lnp76

1 day ago

Macca's stores around the world are getting a makeover. We go behind the scenes with the design agency that created… https://t.co/1lEOwd3dPE

1 day ago