ADIL Adili

    RNS Number : 9983E
  Adili PLC
  03 October 2008
   

    AIM: ADIL


    ADILI PLC

    APPOINTMENT OF CHAIRMAN 
    Adili, the online ethical fashion retailer, is pleased to announce the appointment of Nick Samuel as non-executive chairman of the
board, with immediate effect.  Nick succeeds Alan Howarth as non-executive chairman, who remains on the board as senior non-executive
director. 
    Nick, aged 56, has substantial experience in fashion retailing.  For the last seven years, until July 2008, he headed Hobbs Limited
("Hobbs"), the UK-based women's fashion retailer, initially as managing director and later as chief executive.  The business was transformed
under his tenure, with Hobbs' sales more than tripling from �30 million to �98 million.  As part of this expansion, the group successfully
opened overseas franchises and launched online retailing operations.  During this time, Nick also led Hobbs through a management buy-out
and, later, a re-financing with 3i, who remain as shareholders of the business today.  Nick retains a seat on the board of Hobbs as a
non-executive director.
    Prior to joining Hobbs, Nick worked for 10 years at Karen Millen, another successful women's fashion retailer, where he was finance
director for nine years.  When he joined the business, it comprised eight stores and, during his time with the company, he played an
instrumental role in the expansion of the chain throughout the UK and into overseas markets, including the Far East.  Over the period the
number of outlets increased to 50 and sales expanded from �1 million to �50 million.

    Nick qualified as a chartered accountant with Coopers & Lybrand, London in 1978.
    Nick Samuel commented: 
    "I am very pleased to be joining the board of Adili as chairman.  The business is at an exciting stage in its development and I think my
retailing experience will allow me to play a very useful role in assisting its continuing growth.  The future for Adili looks very bright as
the importance of ethical product sourcing moves up consumers' agenda.  Adili is already establishing itself as a leading name for ethical
clothing and accessories despite being a relatively young business.  I look forward to working with the rest of the team to help achieve the
objective of establishing Adili as 'the place' to shop for ethical fashion." 
    Chief Executive, Adam Smith, commented: 
    "Nick has considerable retailing and business experience, with particular expertise in developing and significantly growing smaller
retailers, which will be of considerable benefit to Adili.  It is testimony to the business and what we have achieved so far that we have
been able to attract Nick to join as chairman and we look forward to working with him in order to realise our exciting growth plans."

    Under Schedule 2, paragraph (g) of the AIM Rules, the following information is disclosed:
    Directorships held by Nicolas Michael Samuel in the past five years:
 Current Directorships

 Blacks Leisure Group PLC
 Hobbs Holdings No. 1 Limited
 Regent Street Association Limited
 South Molton Street Traders Limited

 Past Directorships


 Hobbs Finance Limited
 Hobbs Finance No2 Limited
 Hobbs Headco Limited
 Hobbs Holding No.2 Limited
 Hobbs Holding No.3 Limited
 Hobbs Holding No.4 Limited
 Hobbs Limited
 Hobbs Too Limited 
 Hobbs ( Tunbridge Wells ) Limited
 Hobbs ( Wholesale ) Limited
 Inhoco 2748 Limited
 Inhoco 2756 Limited
 Peace and Quiet Limited
 The New West End Company Limited
    There is no additional information under schedule 2, paragraph (g) of the AIM rules that needs to be disclosed.
    Enquiries:

 Adili plc                     T: 01258 837 437
 Adam Smith, Chief Executive
 Officer
 Christopher Powles, Finance
 Director

 John East & Partners Limited  T: 020 7628 2200
 David Worlidge
 Bidhi Bhoma

 Biddicks                      T: 020 7448 1000
 Katie Tzouliadis
 Sophie Lane



This information is provided by RNS
The company news service from the London Stock Exchange
 
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