Peter Williams, founder and major shareholder of preppy fashion brand, to return as chief executive two years after stepping aside

Jack Wills, the preppy fashion brand worn by Prince Harry, has cancelled plans to float on the London Stock Exchange and announced that its founder is returning to the helm.

The clothing chain, known for emblazoning its brand name on underpants and sweaters, said Peter Williams, founder and majority shareholder, was returning to the role of chief executive two years after stepping aside. The current chief executive, Wendy Becker, who joined as chief operating officer in 2012, is leaving the company.

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Source: The Guardian Circular Economy RSS