Mid Cap Stocks

Lovisa (ASX: LOV) Shares Surge Over 6% on Executive Reshuffle and Leadership Transition

Wed 04 Jun 25, 02:53 AM |

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Highlights

Shares of fashion jewellery retailer Lovisa Holdings Ltd (ASX: LOV) jumped 6.8% in Wednesday trading following major leadership announcements. The company confirmed the official appointment of John Cheston as its new global CEO and managing director, effective immediately. Cheston replaces Victor Herrero, who stepped down at the end of May after almost four years in the role.

Cheston previously led Premier Investments’ Smiggle brand and brings experience in global retail strategy. His transition marks a strategic shift as Lovisa seeks to stabilize and expand its international presence following recent leadership changes.

In a parallel move, Lovisa also appointed Mark McInnes as executive deputy chairman, effective today. McInnes, a former CEO of Premier Investments and current Global CEO Retail & Consumer at BB Retail Capital, brings deep operational and board-level experience to Lovisa. Notably, BB Retail Capital, founded by Lovisa chair Brett Blundy, owns 39% of Lovisa’s issued capital, suggesting significant influence over these appointments.

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