LONDON — The British accessories group Radley + Co has appointed Justin Stead as its new chief executive officer, effective May 6.
Stead, who had served as the ceo of British luxury and prestige jewelry retailer Aurum Holdings Ltd. for seven years before stepping down in 2014, replaces Xavier Simonet at Radley + Co.
The firm said in January that Simonet was leaving that post to take up the role of ceo at outdoors retailer Kathmandu in Melbourne, Australia, where he had lived before joining Radley.
Stead, who will report to Roger Best, chairman of Radley + Co, also serves as chairman and investor at Sofa.com. It is a role that he will retain after joining Radley.
Before working at Aurum, Stead was senior vice president at jewelry and watch firm Fossil Group.
Best commented that Stead’s “considerable … experience of developing international distribution and accessories brands will be of significant benefit to us as we grow internationally.”
Stead added: “As a distinctive London brand, [Radley + Co] has all the ingredients to compete on the world stage.”
Radley + Co comprises the Radley and Tula accessories labels, and is owned by Exponent Private Equity, Phoenix Partners and the firm’s management team.
The Radley brand has 33 U.K. stores, an e-commerce site and distributes to 14 international markets, including Germany, Russia, Taiwan, Australia and Japan.