Jane Norman ‘s chief executive Saj Shah led a £70m management buyout of the womenswear company in January. Shah, who has been with the London company for 20 years, has overseen expansion from 8 to 46 outlets.
He was backed by the private-equity group Graphite Capital in taking control from the family of Norman Freed, who founded Jane Norman in 1952. Profits have grown 43% a year from £3.6m in 1999 to £10.7m in 2002.
Shah is aiming for further growth. “Over the next five years we could get to 100 branches,” he says. “There are still many top locations where we do not have a presence.”
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