Kitwave Forecasts Strong FY2023 Results, Announces CEO Retirement and Succession Plan
- Kitwave expects fiscal 2023 performance to be in line with market expectations following strong H1
- The wholesale retailer saw continued positive momentum across all divisions
- CEO Paul Young will be retiring and stepping down in March 2024
- Young will be replaced by current COO Ben Maxted
- Analysts estimate Kitwave's FY2023 sales at £600.9 million and pretax profit at £27.5 million