The managing director of Topshop has resigned after 11 years at the helm.
Mary Homer, who joined Sir Philip Green’s Arcadia group in 1987, before taking the top job in 2006, is leaving the company to become the managing director of clothing and homewear business The White Company.
Confirming her impending departure, Sir Philip told The Daily Telegraph: “We’ve got to go and see if we can recruit a world champion. It’s not going to be an internal appointment.”
Asked what qualities he might be looking for, he said he would prefer a product specialist and “someone who has been part of the online revolution.”
Homer led the Topshop brand through a significant expansion, overseeing its push into the US and further afield. It now sells in 620 shops across some 35 countries.
News of her departure will come as a blow for the retailer, which has recently been caught up in the fall-out from the collapse of BHS.
And last month, Lingerie Insight uncovered signs of trouble at the brand when we were notified by multiple suppliers that Topshop is prohibiting the intake of branded lingerie collections for the foreseeable future.
The retailer has had its intake targets cut dramatically, with management putting restrictions in place to accept own-buy stock only.
“Is there ever a right time to leave a company after 30 years?,” Homer asked the Daily Telegraph. “ I don’t know but this is it.”