Club L London elevates Richard Wing to CFO amidst global expansion.
- Wing, previously a group finance director, steps up to CFO after joining in 2022.
- Under his leadership, the brand aims to launch two new market websites this year.
- The company shows impressive growth with a 96.87% CAGR, marking it as a fast-growing entity.
- Wing’s vision focuses on sustainable, profitable growth and innovation.
Club L London, a prominent womenswear brand, has strategically promoted Richard Wing to the pivotal role of Chief Financial Officer (CFO) to steer its ambitious global expansion. This transition marks a significant development in the company’s journey, as Wing brings a wealth of experience and expertise to his new role, having joined the company in July 2022 as the group finance director. Previously, Wing contributed his financial acumen to THG Ingenuity, Ladbible, and Missguided, gaining valuable insights from each position.
His advancement to CFO succeeds Karl Lloyd, establishing a direct reporting line to the founder and CEO, Katie Randev. This change occurs at a crucial time for Club L London, which is poised to enhance its international footprint by launching additional dedicated websites across new markets. Earlier this year, the company successfully launched a website in Canada, with plans to unveil two more sites by the year’s end, furthering its reach.
Club L London’s remarkable position as the 54th fastest-growing private company in the UK, as recognised by The Sunday Times in June, underscores its dynamic growth trajectory. With a compound annual growth rate of 96.87% over three years, the brand has achieved sales of £38.6 million in its most recent financial year, reflective of its robust business strategy and market adaptability.
Richard Wing expressed his enthusiasm for his new responsibilities, stating, “My mission at Club L London is to drive sustainable and profitable growth. I am driven by innovation and excited about our upcoming initiatives, which will not only drive our growth but also solidify Club L London’s position as the leading affordable luxury fashion house.” This declaration highlights Wing’s commitment to fostering a dynamic and forward-looking environment.
Richard Wing’s appointment as CFO is a strategic move poised to bolster Club L London’s growth and market leadership.
