Mark Wright takes on the role of interim Chief Executive Officer at JoJo Maman Bébé amidst leadership changes.
- JoJo Maman Bébé confirms Mark Wright’s appointment following the departure of CEO Gwynn Milligan.
- Wright transitions from his previous position at FatFace to JoJo Maman Bébé later this month.
- The brand, founded by Laura Tenison in 1993, has undergone recent ownership changes.
- JoJo Maman Bébé reported significant financial losses earlier this year.
Mark Wright has been appointed as the interim Chief Executive Officer at JoJo Maman Bébé. This follows the exit of the former CEO, Gwynn Milligan, who had been with the company since 2017. Milligan served as commercial director before assuming the CEO position in April 2022.
Wright, formerly the Chief Operating Officer at FatFace, is expected to start his new role later this month. His transition marks a significant leadership change for JoJo Maman Bébé, a brand known for its premium maternity and childrenswear offerings.
JoJo Maman Bébé was initially founded in 1993 by Laura Tenison. Tenison managed the company until she stepped down in 2022. In a notable business development, the brand was acquired in April of the same year by Next, which obtained 44% of the shares, while the remaining 56% were purchased by hedge fund Davidson Kempner.
In August 2023, the company reported a pre-tax loss of £672,350 for the seven months leading up to January 2023. This financial setback has been part of the challenges the brand is currently navigating, alongside its leadership changes.
Mark Wright’s appointment signifies a pivotal moment for JoJo Maman Bébé amidst its ongoing transitions and challenges.
