‘Significant deterioration of trading’ leads to board changes at fishing retailer

Rotherham-based Fishing Republic saw a 13% decline in like-for-like sales in October, leading to the firm issuing a trading update this morning which stated the group had seen a "significant deterioration in trading."

As a result, shares in the firm have this morning dropped 40%. CEO Steve Gross is to step down today and will be replaced by Chris Griffin as acting chief executive. Zoe Gross, operations director, and Paul Hagerty, IT director, will step down from the Board with immediate effect. Steve G... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...