Best & Less has dumped its incoming chief executive, Erica Berchtold, just two months after appointing her amid a slump in sales.
The company told shareholders that Ray Itaoui, who has acquired a controlling stake in Best & Less alongside billionaire businessman Brett Blundy, will instead assume the responsibilities of chief executive.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
