26th Feb 2009 08:20
26 February 2009
Theo Fennell PLC
("Theo Fennell" or "the Company")
Operations Update
Theo Fennell announced today that it would be closing its Fine Jewellery and Watch concession in the Brown Thomas Department Store in Dublin. Brown Thomas will be taking over the direct operation of the Watch concession. The Company anticipates retaining a Theo Fennell presence.
Justine Carmody, the Company's Commercial Director, will join Brown Thomas in April, as Head of Jewellery and Watches. She will resign from the Board at the end of the financial year on 31st March 2009. The Board wish her the best of luck and thank her for her huge contribution to the business over many years.
This development follows on from the Company's operations update on 16th January 2009 to focus on the Theo Fennell brand in the UK and internationally. The Company's exit from the third party watch business will significantly reduce borrowings and overhead.
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Enquiries: |
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Theo Fennell Plc Richard Northcott |
Tel: 020 7591 5000 |
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Pelham PR James Henderson / Kate Catchpole |
Tel: 020 7743 6678 |
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Seymour Pierce Limited Mark Percy |
Tel: 020 7107 8000 |
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