AG Stanley chief quits after Boots sell-off

AG Stanley, which runs the Homestyle and Fads DIY chains, has lost marketing and merchandising dir ector Ian Filby a week after the company was sold by Boots.

Filby has left AG Stanley, though he is still officially working for Boots. Last week, the loss-making home decorating concern was sold to private venture-capital group Alchemy Partners for a nominal sum, plus a promise by Boots to pay 7.5m to Alchemy. The company is to close 100 poorly performing high street stores and will roll out large out-of-town stores. It is considering whether to keep the Fads name.

Most of the staff at AG Stanley are still Boots’ employees, and AG Stanley managing director

Peter Roach is keeping his position at present.

Filby took up the role of marketing and merchandise director at Fads earlier this summer (MW June 19).

Boots says it has no announcement on Filby’s next position. AG Stanley says it has yet to replace Filby, and the management structure is still undecided.

At Boots’ sole remaining DIY subsidiary Do It All, there is a vacancy for a head of brand marketing. This follows the departure of Stephen Sinclair, who is leaving to become marketing director of Boots Opticians.

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