Formerly | |
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Company type | Privately held company |
Industry | Retail |
Founded | (1985Preston, Lancashire | ) in
Headquarters | Knowsley, Merseyside |
Area served | |
Key people |
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Products | |
Revenue | £1.1 billion GBP (2019) [2] |
Owner | John Hargreaves & family |
Website |
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Matalan Retail Ltd. is a British fashion and homeware retailer based in Knowsley, Merseyside. It was established by John Hargreaves in 1985, and is still owned by the Hargreaves family. As of 2020 [update] , the company employed over 13,000, [2] and had 230 stores in the United Kingdom, together with franchise stores in the Middle East. [3]
John Hargreaves opened the first Matalan store in 1985 at Bamber Bridge, near Preston, Lancashire. There were fifty stores by 1995, and in 1997, the company moved its headquarters from Preston to Skelmersdale, also in Lancashire. [3] The company was floated on the London Stock Exchange in 1998, but taken private again by the Hargreaves family in October 2006. [4]
During 2009, John Hargreaves sought to sell off Matalan, but by February 2010, had failed to find buyers willing to meet the £1.5 billion price. [5] Jason Hargreaves was appointed managing director in July 2013. [6] The headquarters moved to a purpose built site at Knowsley, Merseyside in 2014. [3] The company won approval for this scheme in October 2012. [7]
Matalan was among the companies that sourced clothes from the Rana Plaza factory in Bangladesh which collapsed, killing 1,134 in April 2013. [8] In July 2014, they were the focus of a campaign by 38 Degrees and Labour Behind the Label, for failing to contribute to the official compensation fund coordinated by the ILO. [9] This was in contrast to some of their main competitors, such as Primark who contributed $9 million. [10]
After pressure, they announced that they would contribute an undisclosed amount. [11] It was later revealed that they had paid £60,000 [12] into the fund, which labour rights campaigns challenged as being an insufficient amount compared with other retailers. [13]
Matalan Retail Limited is a wholly owned subsidiary of Missouri Topco Limited, a holding company which is based in Guernsey, and is controlled by the Hargreaves family. [14]
In the Middle East, the Matalan brand is franchised to BTC Fashion General Trading, based in Qatar. [15] BTC have stores in Bahrain, Jordan, Oman, Qatar, Saudi Arabia, Egypt and the United Arab Emirates. [16]
There is also at least one store in Georgia (at the City Mall, Tbilisi).
In June 2020, Matalan confirmed that they would name a new chairman and a new chief commercial officer less than a month after John Mills stated he would step down from the board. Steve Johnson succeeded Mills as the next chairperson of the value retailer, while James Brown moved into the completely new Chief Commercial Officer position at the company. [17]
In March 2023, it was announced that former Co-op Food CEO, Jo Whitfield, would be joining Matalan as chief executive. [18] Whitfield served in various executive roles at Matalan between 2002 and 2008. [18]
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John Hargreaves is a Monaco-based British businessman, the founder and chairman of the UK out-of-town discount clothing and homeware chain Matalan.
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The Rana Plaza collapse was a structural failure that occurred on 24 April 2013 in the Savar Upazila of Dhaka District, Bangladesh, where an eight-story commercial building called Rana Plaza collapsed. The search for the dead ended on 13 May 2013 with a death toll of 1,134. Approximately 2,500 injured people were rescued from the building. It is considered the deadliest accidental structural failure in modern human history, as well as the deadliest garment-factory disaster in history and the deadliest industrial accident in the history of Bangladesh.
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Joanne Louise Whitfield is the Chief Executive of Matalan