Le Saunda Holdings chief resigns

Footwear retailer Le Saunda Holdings executive director/COO Chu Tsui Lan has resigned, with effect from August 1.

The company’s board of directors says she intends to pursue other personal affairs.

Chu confirms she has no disagreement with the board and there is no matter with respect to her resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong, says chairman James Ngai.

Her resignation follows a period of poor trading and shrinking store numbers for the company, an Inside Retail report last month saying its drop in sales included a 36.2 per cent slump in its e-commerce business.

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