US EditionIconic Fashion Brand Plots Return with Plans for UK Stores
- The leader of Country Road, Raju Vuppalapati, announced he will step down in August 2024 after four years at the company's helm.
- His departure followed a 2023 scandal involving executive misconduct and a steep sales downturn, with operating profit falling 70% in late 2024.
- Woolworths Holdings, owner of Country Road and other brands, sought to repair company culture by hiring consultants and involving CEO Roy Bagattini.
- Vuppalapati said he is leaving the company with "compelling strategies" and a "clear pathway to reignite profitable growth," while Bagattini noted a stronger business foundation.
- The leadership change suggests a strategic reset as Country Road aims to recover financial performance and improve workplace culture under new management.
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Falkirk Herald+7 Reposted by 7 other sources
Iconic fashion brand plots return with plans for UK stores β where they might open
Big changes are coming for one of the UKβs most loved fashion names π
Β·Falkirk, United Kingdom
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Iconic fashion brand plots return with plans for UK stores
Β·Portsmouth, United Kingdom
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