Richard Price, Managing Director of Clothing and Home at M&S to join the Fabacus Advisory Board.
Fabacus announces the appointment of seasoned retail executive, Richard Price, to their Advisory Board.
Founded by successful serial entrepreneur, Andrew Xeni, Fabacus is a data management and bureau service for the licensing industry and developer of proprietary data management software platform, Xelacore. Its blue-chip clients include Epic Games, Ultimate Fighting Championship (UFC), Fanatics, Ubisoft and Activision Blizzard.
Xeni has a noteworthy background in retail and is also the founder of award-winning eco-conscious fashion brand, Nobody’s Child. Having launched on M&S.com in 2020 as part of the retailer’s third-party brands strategy, Nobody’s Child has since become its top performing partner, with M&S now a strategic minority investor and shareholder.
At Fabacus, Price brings a wealth of experience from his time at Next, BHS, Tesco F&F and currently Marks and Spencer, driving significant share growth and EBIT across clothing, footwear, accessories and homeware to the Advisory Board, at a time when the company’s trajectory continues to gather momentum.
“Having known and worked with Andrew for some time now, I am thrilled to join Fabacus’ Board, bringing my 30+ years of retail experience to the business.” Price said, “At a pivotal time for licensing and retail, in light of mandated reporting regulations coming into effect, there is now a need for more visibility and transparency across the sector; Fabacus continues to address the issues head-on through their service, and I look forward to being a part of the evolution that is coming.”
Speaking on Price’s addition to the Fabacus Board, Founder and CEO, Andrew Xeni, said, “With over three decades working for the UK’s biggest retailers, Richard’s appointment to the board brings us invaluable retail experience across all categories and geographies. Increasing data capture and data governance will not only support companies scale but will also accelerate growth – it enables consumers to know more about the items they are buying and the associated supply chain practices. I am thrilled Richard shares our mission to evolve current industry practices and further integrate licensing and retail, and I warmly welcome him to the Fabacus Board.”