Ex- DJs boss returns to retail
RETAIL sector investment firm Premier Investments Ltd has appointed former David Jones boss Mark McInnes as chief executive of Premier Retail as the company faces ‘‘ extremely challenging’’ conditions.
Mr McInnes resigned from David Jones in June 2010 after admitting to behaving inappropriately towards a female employee of the company.
Former publicist Kristy Fraser-Kirk dropped a $ 37 million sexual harassment lawsuit against David Jones, Mr McInnes and nine directors in October 2010 after the retailer settled for $ 850,000.
Melbourne-based Premier announced the appointment of Mr McInnes yesterday as it reported a lower first half net profit, which the company said had been pulled back by a disappointing result from the Just Group clothing business. Just Group’s brands include Just Jeans, Jay Jays, Portmans, Jacqui E, Peter Alexander, Dotti and Smiggle.
Premier chairman Solomon Lew described Mr McInnes as one of Australia’s most successful retailers, who had transformed luxury department store David Jones and created substantial shareholder value.
Mr Lew said in a market briefing he would not comment on ‘‘ past events that did not involve Premier’’.
Mr McInnes said he was delighted to be back in the retail business.
Premier’s Sol Lew and Mark McInnes