Matchesfashion has named a new CEO, six months after the departure of its previous leader Ajay Kavan. The new chief executive is Paolo de Cesare, who had run Paris-based department store group Printemps until March 2020.
Matchesfashion's CEO of just a year has stepped down with immediate effect. Ajay Kavan has left the firm and director Maureen Chiquet has taken on the role of executive chairwoman as the company looks for a new leader.
The chief executive of French fashion house Chanel, Maureen Chiquet, has abruptly resigned over strategic differences, the company said, just as the luxury goods industry is suffering from a severe slowdown.