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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

Over the course of her 33-year career, Bramman has worked in different areas of finance with companies including Henri Bendel and Victoria’s Secret when the brands were part of L Brands. Bramman served as CFO and SVP of Carnival Cruise Line from 2010 to 2015 and Avery Dennison from 2015 to 2017.

Finance 245
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Ex-finance bosses face fraud charges over collapse of Patisserie Valerie

Retail Gazette

Two former Patisserie Valerie finance bosses are among four individuals that have been charged in relation to the bakery chain’s abrupt collapse in 2018. The charges are connected to an investigation that began two days after the bakery chain suspended trading in October that year, the Serious Fraud Office (SFO) said.

Finance 111
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Ann Summers names new finance director as CFO exits

Retail Gazette

Ann Summers chief financial officer John Boyle is retiring from the retailer after 11 years, as Kristina Moln-Page is promoted to finance director of the company. Moln-Page currently serves as head of finance of the business, having previously joined Ann Summers in May 2022 as strategic project consultant.

Finance 52
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M&S non-exec resigns over poaching of Rightmove finance chief

Retail Gazette

M&S non-executive Andrew Fisher is quitting the board following the appointment of the retailer’s new finance chief from another company he chairs. Fisher has served on the M&S board since December 2015, meaning he was coming up to the nine-year term limit for independence under the UK’s corporate governance code.

Finance 59
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Nordstrom Names Ex-Target and Walmart CFO to Top Financial Post

Retail TouchPoints

Smith brings extensive experience in retail finance posts, including serving as CFO at Walmart from 2010 to 2014 and at Target from 2015 to 2020. Nordstrom has appointed Cathy R. Smith as its new CFO, effective May 29, 2023. Most recently, she was Chief Administrative Officer and CFO at Bright Health Group.

Finance 322
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Lumber Liquidators to Liquidate After Failing to Find Buyer

Retail TouchPoints

Based on the bids received to date and considering the value of those bids as well as the lack of financing, it was determined that a sale of the company’s individual assets, holding closing sales at our stores and winding down the business, will deliver the most value to our creditors,” said Charles Tyson, CEO of LL Holdings in a statement.

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Ex-Cash Converters stores operator fined for underpaying staff

Inside Retail

The company employed the worker at the Yarraville store between July 2015 and April 2018 and at the Taylors Lakes store between May 2018 and March 2020, according to the Fair Work Ombudsman. A Fair Work inspector issued a compliance notice after learning that the company paid the worker a flat rate of $21.76