Starbucks UK MD to join Clinton Cards
02 August 2011 10:36
Darcy Willson-Rymer, managing director of Starbucks' UK operation will become chief executive of Clinton Cards in October.
Don Lewin, the retailer's 78 year old chairman and chief executive will step down to become life president from March of next year.
This is the first time that Clinton Cards has recruited outside the founding Lewin family.
The company has been struggling and recently extended its refinancing timetable with Barclays and RBS until the end of September, an extension from the end of its financial year on July 31st.
"Clintons has many problems," said David Stoddart, retail analyst at FinnCap. "It is over-exposed to the high street.
"It has been attacked by lower-priced rivals and also by mass merchandisers.
"Its push into more aspirational ranges worked for a while but looks less well-suited in times of austerity."
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