New Zealand-born fashion group Hallenstein Glassons Holdings has confirmed the resignation of its group CEO Chris Kinraid, effective September 2025, “with sincere regret.”
Kinraid joined Hallenstein Glassons – the company behind Hallensteins and Glassons retail stores – in late 2023, stepping over from his group CFO role at KMD Brands.
“Chris’ extensive background and senior level experience across listed retail environments has been instrumental in delivering strong growth in revenue and earnings to the group, during a challenging economic environment,” the company shared in a statement. “As a result, he is leaving the group in a very strong position.
“The board expresses its appreciation of Chris and his significant contribution to both Hallensteins and Glassons and wishes him all the best for the future.”
Kinraid’s exit announcement comes just as the company shared its full year results, which show annual sales to August 1, 2025 up 8.1 per cent to NZ$470 million, and gross margin percentage consistent with prior year.
Group net profit before tax is expected to be within the range of NZ$57.5 million to NZ$58.5 million, an increase of approximately 11.4 per cent.
“The balance sheet for the group remains strong with record cash reserves and well‐maintained stock levels,” the company added in a statement.
A full announcement with financial statements including a dividend declaration will be released to the market on September 26, 2025.