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Oddy set to leave The Range

Nigel Oddy is set to leave his position as chief executive of The Range, less than two years after he joined the value retailer.

His departure, described as amicable, came after founder Chris Dawson halted plans to float the 150 store chain on the stock market. This could have seen it valued at up to £2bn.

Oddy joined the chain in April 2017. Prior to joining he spent a decade at House of Fraser, including two and a half years as chief executive before resigning in November 2016.

‘The appointment of Nigel really takes us to the next level and allows us to continue with our planned projects at high speed,’ Dawson said at the time of the appointment. ‘He has an extensive retail background and I am confident that he will fit in very well with the current team. Nigel will work closely with myself.’

The Range was hit by the sterling’s weakness last year with profits dropping a fifth to £42.6m from sales of £869m.