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词条 Bill Grimsey
释义

  1. Early career

  2. Wickes

  3. Iceland

  4. FTI Palladium Partners

  5. Focus DIY

  6. Non-executive roles

  7. High Street

  8. References

{{Infobox person
| image =
| image_size = 150px |
| name = Bill Grimsey
| caption =
| birth_date = {{Birth date and age|df=yes|1952|1|21}}
| birth_place = Kensington, London, England
| death_date =
| death_place =
| education =
| occupation = Businessman
| spouse = Jan
| parents =
| children = Two sons[1]
}}

William Grimsey (born 21 January 1952, in Kensington, London) is an English businessman who has specialised in the food and DIY sectors, most notably at Wickes, Iceland, and Focus (DIY).

Early career

Grimsey left school at 15 to become a butcher's boy. Under pressure from his father he then trained as a civil engineer for two years before returning to college to take his A-levels, and joining Bishop's Food Stores as a trainee manager, rising to become a director. The chain was eventually bought by Booker. When Bishop's merged with Budgens in 1986, Grimsey joined Tesco to work for Lord MacLaurin.

In 1988, Grimsey left to run Hutchison Whampoa's Park n' Shop supermarket chain in Hong Kong, where he remained five years, increasing profits twentyfold. He then returned to the United Kingdom for a short spell at Kingfisher plc.[1]

Wickes

He then ran Wickes' joint venture in South Africa, returning to England again in July 1996 to take up the position of managing director of WBS, the Wickes' retailing subsidiary which was at the centre of serious accounting irregularities. In November Grimsey moved to Wickes to oversee its recovery from the accounting irregularity scandal that saw its share price suspended and the banks foreclosing.[2] Grimsey launched a rights issue,[3] started an employee share scheme, and turned around the company to the point where it was bought by Focus-Do-It-All, backed by Duke Street Capital for a reported £289m in September 2000. He believed this represented fair value for shareholders at the time,[4] yet four years later the business was sold again for £950m to Travis Perkins.[5]

Iceland

In January 2001 he took up the position of CEO of Iceland, replacing Stuart Rose who had been CEO since Iceland's merger with Booker plc in the summer of 2000.[6]

Malcolm Walker, Iceland's founder & Chairman, was forced to stand down soon after as it was revealed he had sold £13.5 million of Iceland shares five weeks before the company released the first of several profits warnings.[7][8] Walker was not fully cleared of these allegations until October 2004.[9]

Iceland was renamed the Big Food Group in February 2002,[10] and attempted a refocus on the convenience sector with a bid for Londis.[11] Grimsey remained until the takeover and demerger of the Big Food Group by a consortium led by the Icelandic company, Baugur Group in February 2005. Walker returned to his previous role at Iceland.[10]

Under Walker's control Iceland's website is a polemic against Grimsey's period in charge,[12] a campaign Walker continued to drive home up to 2013.[13]

FTI Palladium Partners

Grimsey had a brief spell as a Senior Managing Director (interim manager) at FTI Palladium Partners, London from March 2006.[14]

Focus DIY

He was appointed CEO of Focus (DIY) on its acquisition by Cerberus Capital for £230m in June 2007, stating at the time that "Focus has the potential to be one of the most successful operators in the DIY sector".[15] Two years later, in August 2009, Grimsey successfully sought a CVA agreement with creditors to save the business from administration.[16] In May 2011, with Grimsey now as chairman, the company was declared insolvent and appointed Ernst & Young as administrators.[17]

Non-executive roles

He served as a non-executive director of Capita Group plc from October 2006[18][19] until standing down in July 2010.[20]

In March 2012 he was appointed a non-executive director of Findel plc.[21]

High Street

Grimsey published a book in 2012 regarding the High Street debate: Sold Out[22] which was written for him by professional ghostwriter Teena Lyons.[23]

In 2013 he published a report on the state of the high street retail sector, The Grimsey Review,[24] which led the Labour party to appoint him as an advisor[25] but six months later he had still not met the party's leader Ed Miliband.[26]. This was updated in July 2018 with a second edition of the review.

References

1. ^{{cite news|url=https://www.theguardian.com/business/2001/jan/28/theobserver.observerbusiness10|title=Butcher's boy with a lot to deliver at Iceland|last=Mathiason|first=Nick|date=2001-01-28|publisher=The Observer|accessdate=2009-04-16|location=London}}
2. ^{{cite news|url=https://www.independent.co.uk/news/business/wickes-names-grimsey-as-new-chief-executive-1354793.html|title= Wickes names Grimsey as new chief executive|last=Tooher|first=Patrick|date=1996-11-29|publisher=Independent.co.uk|accessdate=2009-04-16|location=London}}
3. ^{{cite news|url=http://findarticles.com/p/articles/mi_qn4158/is_19970107/ai_n9648083/|title=Wickes to resume trading today |last=Cope |first=Nigel |date=1997-01-07|publisher=Independent|accessdate=2009-04-16}} {{Dead link|date=October 2010|bot=H3llBot}}
4. ^{{cite news|url=http://news.bbc.co.uk/1/hi/business/905861.stm |title=Do It All at Wickes|date=2000-09-01 |publisher=BBC |accessdate=2009-04-16}}
5. ^[https://www.theguardian.com/business/2004/dec/17/1 Travis nails Wickes for £950m | Business | The Guardian]
6. ^{{cite news |url=https://www.independent.co.uk/news/business/comment/iceland-pays-the-price-of-roses-organic-neglect-703404.html |title=Iceland pays the price of Rose's organic neglect |date=2001-01-23 |publisher=Independent.co.uk|accessdate=2009-04-16 |location=London}}
7. ^{{cite news|url=https://www.telegraph.co.uk/finance/4480049/Walker-quits-after-Iceland-sales-dive.html|title=Walker quits after Iceland sales dive|last=Rankine|first=Kate|date=2001-04-11|publisher=Telegraph.co.uk|accessdate=2009-04-16|location=London}}
8. ^{{cite news|url=https://www.telegraph.co.uk/finance/2730881/I-acted-properly-says-Icelands-Malcolm-Walker.html|title='I acted properly' says Iceland's Malcolm Walker|last=Cave|first=Andrew|date=2001-08-21|publisher=Telegraph.co.uk|accessdate=2009-04-16|location=London}}
9. ^{{cite news|url=http://www.thisismoney.co.uk/news/article.html?in_article_id=394530&in_page_id=2&in_a_source=|title=Walker gets all-clear over Iceland|last=Laurance|first=Ben|date=2004-10-17|publisher=Mail on Sunday|accessdate=2009-04-16}}
10. ^{{cite web|url=http://www.iceland.co.uk/page/view/about_iceland_story |title=Iceland's history |publisher=Iceland |accessdate=2009-04-16 |archiveurl=https://web.archive.org/web/20090305045135/http://www.iceland.co.uk/page/view/about_iceland_story |archivedate=5 March 2009 |deadurl=yes |df= }}
11. ^{{cite news |url=https://www.independent.co.uk/news/business/news/grimsey-goes-on-charm-offensive-to-woo-wavering-londis-shareholders-577963.html |title=Grimsey goes on charm offensive to woo wavering Londis shareholders|last=Reece|first=Damian|date=2003-12-29|publisher=Independent.co.uk |accessdate=2009-04-16 |location=London}}
12. ^{{cite web|url=http://www.iceland.co.uk/page/view/recovery_plan|title=The one, two, three, four, five year recovery plan!|publisher=iceland.co.uk|accessdate=2009-04-16}}
13. ^{{cite web | url=http://www.thegrocer.co.uk/channels/discounters/iceland/iceland-boss-walker-marks-800th-store-with-a-swipe-at-grimsey/349107.article | title=Iceland boss Walker marks 800th store with a swipe at Grimsey | publisher=The Grocer | date=4 September 2013 | accessdate=7 August 2014 | author=Halliwell, James}}
14. ^{{cite news|url=http://www.allbusiness.com/banking-finance/5384239-1.html|title=Retail Experts Join FTI Palladium Partners, London.|date=2006-03-27|publisher=Business Wire|accessdate=2009-04-16}}
15. ^{{cite news| url=https://www.telegraph.co.uk/finance/markets/2810742/The-Bills-parachuted-in-to-troubled-Focus-by-new-owner-Cerberus.html | location=London | work=The Daily Telegraph | first=Michael | last=Groves | title='The Bills' parachuted in to troubled Focus by new owner Cerberus | date=2007-06-18}}
16. ^{{cite news| url=https://www.theguardian.com/business/2009/aug/23/focus-diy-bankruptcy-talks | location=London | work=The Guardian | first=Elena | last=Moya | title=Focus DIY in insolvency deal to save 5,000 jobs | date=2009-08-23}}
17. ^{{cite news|title=Focus DIY to shed 3,000 jobs as stores close|url=https://www.theguardian.com/business/2011/may/25/focus-diy-3000-job-losses-stores-close|accessdate=17 July 2011|newspaper=The Guardian|date=25 May 2011|author=Zoe Wood|author2=Julia Kollewe|location=London}} https://www.bbc.co.uk/news/business-13294178
18. ^{{cite web|url=http://www.capitareport2008.co.uk/governance/corporate-governance/corporate-governance.aspx|title=Corporate governance|year=2009|publisher=Capita Group plc|accessdate=2009-04-16|archiveurl=https://web.archive.org/web/20090501074830/http://www.capitareport2008.co.uk/governance/corporate-governance/corporate-governance.aspx|archivedate=2009-05-01|deadurl=yes|df=}}
19. ^{{cite web|url=http://markets.ft.com/tearsheets/businessProfile.asp?s=UK:CPI&ftauth=1239873425692|title=ft.com/marketsdata - Capita Group CPI:LSE|publisher=FT.com|accessdate=2009-04-16}}
20. ^{{cite web|last=Capita plc |title=Annual Report 2011 |url=http://www.capita.co.uk/Documents/Annual%20Report%202010.pdf |accessdate=17 July 2011 |deadurl=yes |archiveurl=https://web.archive.org/web/20110929013758/http://www.capita.co.uk/Documents/Annual%20Report%202010.pdf |archivedate=29 September 2011 |df= }}
21. ^{{cite web | url=http://www.retailgazette.co.uk/articles/12322-findel-appoints-exfocus-ceo-to-its-board | title=Findel appoints ex-Focus CEO to its board | publisher=Retail Gazette | date=14 February 2012 | accessdate=September 22, 2012 | author=Whiteaker, Jon | archive-url=https://web.archive.org/web/20120217033911/http://www.retailgazette.co.uk/articles/12322-findel-appoints-exfocus-ceo-to-its-board | archive-date=2012-02-17 | dead-url=yes | df= }}
22. ^{{cite book | title=Sold Out | publisher=Filament Publishing | author=Grimsey, Bill | year=2012 | pages=225 | isbn=978-1908691316}}
23. ^{{cite web|last=Lyons |first=Teena |title=Previous work |url=http://www.professionalghost.com/previous-work/ |accessdate=2013-12-10}}
24. ^{{cite web|url=http://www.vanishinghighstreet.com/wp-content/uploads/2013/09/GrimseyReview04.092.pdf |title=The Grimsey Review |publisher=Filament Publishing |date=September 2013 |accessdate=7 August 2014 |author=Grimsey, Bill |pages=59 |deadurl=yes |archiveurl=https://web.archive.org/web/20131007232318/http://www.vanishinghighstreet.com/wp-content/uploads/2013/09/GrimseyReview04.092.pdf |archivedate=7 October 2013 |df= }}
25. ^{{cite news | url=https://www.independent.co.uk/news/business/news/bill-grimsey-to-advise-labour-over-high-streets-and-business-rates-9050335.html | title=Bill Grimsey to advise Labour over high streets and business rates | date=10 January 2014 | accessdate=7 August 2014 |newspaper=The Independent | author=Neville, Simon}}
26. ^{{cite news | url=https://www.bbc.co.uk/news/uk-politics-27025495 | title=Labour's High Street champion awaiting Miliband meeting | work=BBC News | date=22 July 2014 | accessdate=7 August 2014}}
{{DEFAULTSORT:Grimsey, Bill}}

5 : 1952 births|Living people|English chief executives|English businesspeople in retailing|People educated at St Columba's College, St Albans

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