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Cocosa hit by director departure

Cocosa, the fashion etailer backed by former Harrods owner Mohamed Al Fayed, has suffered another high-profile departure as its marketing director exits the business.

Nick Vance, who had been with Cocosa for less than six months, left after a management shake-up of the etailer, which Al Fayed acquired in July.

Vance’s departure comes just weeks after Cocosa’s managing director Gwynn Milligan, a former Asos commercial and merchandising director, left after less than a year.

Finance director Stephen Lewis is thought to have stood down.The circumstances of Vance’s departure remain unclear. Cocosa declined to comment.

Al Fayed has drafted in former Harrods chief technology officer David Llamas who is understood to be running the business on an interim basis. Llamas spent nine years at Harrods, which was sold to Qatar Holdings in 2010 for £1.5bn.

The tycoon has shaken up the business model of Cocosa, which sells discounted designer fashion. The online retailer, which launched in 2008 as a private members’ site, opened to the public last October after Al Fayed bought it.

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