What: Richard Price, MD of Clothing and Home at M&S is joing Fabacus as a member of its advisory board.

Why it is important: As one of UK retail’s highest-profile executives, Price is joining the board at a pivotal time for licensing and retail as reporting regulations come into effect.

Fabacus is a data management and bureau service for the licensing industry founded by entrepreneur Andrew Xeni.

With mandated reporting regulations coming into effect, there is a need for more visibility and transparency across the sector.

With over three decades of experience working for the UK’s biggest retailers, Price’s appointment to the board brings invaluable retail experience to the company.

M&S clothing chief Price to join Fabacus board