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HMV appoint new top man

By | Published on Wednesday 19 July 2006

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OK, pay attention, retail news everybody. HMV have announced that Simon Fox will takeover as their Chief Executive when Alan Giles retires in September (Giles, you’ll remember, announced his intention to leave earlier this year, at the same time as revealing just how much the music and book retailer is struggling to compete with supermarkets and web mail order companies).

Fox comes to HMV from Kesa Electricals, a company you’ve probably never heard of, but who own electronics chain Comet, which Fox has been leading in his role as COO for the entire Kesa group. Confirming the appointment, HMV non-exec chairman Carl Symon told the London Stock Exchange that Fox had a “strong strategic mind combined with a first-rate track record in all aspects of retailing”, and that he would transform the struggling HMV into a “truly world class multi-channel retailer”, which is all very exciting.



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