Best & Less CEO resigns after nine months

smh.com.au [$]

Best & Less CEO Aaron Faraguna has resigned after nine months, marking the second aborted CEO appointment for the budget retailer. Executive Chairman Ray Itaoui will resume day-to-day responsibilities. Faraguna, formerly of JD Sports, was appointed in January. This follows a similar situation with Erica Berchtold, whose CEO appointment was cancelled last year after the company was privatized by owners Itaoui and Brett Blundy.


With a significance score of 1.1, this news ranks in the top 49% of today's 26405 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Best & Less CEO resigns after nine months | News Minimalist