Ex-Poundland director Tim Bettley named MD at The Original Factory Shop

The Original Factory Shop (TOFS) has appointed Tim Bettley as its new managing director.

Bettley brings over 35 years of retail experience, having most recently served as commercial director at Poundland & Dealz.

He previously held same the role at TOFS from 2015 to 2018, “ during which time he was responsible for securing the great deals which TOFS customers expect.”

He has also held senior roles, including non-food commercial director at Morrisons, where he led the launch of the Nutmeg clothing brand, and managing director of the value fashion chain Peacocks among other roles over his 35 year plus career.

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Bettley said: “I am looking forward to revitalising TOFS. I know the special relationship which the brand has with its customers and I will be focused on ensuring that sits at the heart of our business going forward. It will be good to be back working with the great TOFS team, many of whom I know from my previous time with the company.”

Bettley takes over from Ian Williams, who stepped down as chief executive in early April following the completion of TOFS’ recent sales process.

This appointment comes as earlier this month, TOFS announced plans to put nearly 1,000 jobs at risk through a Company Voluntary Arrangement, aimed at restructuring its store estate and securing the future of the business.

The company is negotiating rent cuts across a large proportion of its stores and plans to invest in its online channels to drive future growth.

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