Richard Price, M&S’s clothing and home MD, takes a non-executive role at Refined Networks.
- Price is the first to join the board since Refined Networks’ establishment in 2021.
- The platform supports fashion brands in expanding online sales internationally.
- Refined Networks plans partnerships with Nordstrom, Macy’s, and platforms in Europe and the Middle East.
- Price aims to support Refined Networks’ development and global growth for fashion brands.
Richard Price, known for his leadership at Marks & Spencer as managing director of clothing and home, is stepping into a new role as a non-executive director at Refined Networks. This position marks his first such appointment following the company’s inception in 2021 by industry veterans Ben Barnett, Ian Wallis, and Sune Bjerregaard.
Refined Networks has been instrumental in helping fashion brands like Benetton and J.Lindeberg enhance their online presence and improve international sales. The platform is set to announce new collaborations with major retailers Nordstrom and Macy’s, alongside potential partnerships across Europe and the Middle East, highlighting its strategic expansion plans.
Price’s extensive experience spans over 30 years, involving roles at leading retailers such as Next, BHS, and Tesco’s F&F. His tenure at M&S is noted for the ‘Never the Same Again’ strategy, which focussed on enhancing product design, advancing digital services, and incorporating third-party brands.
During his illustrious career, Richard Price has earned accolades including Drapers Leader of the Year 2023. He also holds board positions with Nobody’s Child and Fabacus, further cementing his influence in the fashion and retail sectors.
Commenting on his new role, Price remarked on the vast opportunities for fashion brands to grow through third-party platforms, despite often lacking the necessary resources or expertise for cross-border commerce. His aim is to guide Refined Networks in realising its mission to support the global potential of these brands.
Ben Barnett, Refined Networks’ chair and co-founder, expressed enthusiasm for Price’s appointment, citing his transformative impact at M&S and the valuable insights he brings. Barnett emphasised the potential for digital marketplaces to drive global growth in the fashion industry.
Richard Price’s move to Refined Networks signifies a strategic effort to expand the global reach of fashion brands through digital platforms.
