The chief executive of Agent Provocateur, Fabrizio Malverdi, is reportedly in talks to leave the business ahead of its sale.
Malverdi, who joined just nine months ago, is holding discussions about his future at the firm, according to Sky News.
The lingerie retailer is restructuring after difficult trading conditions and an accountancy error caused parent company 3i to write down the value of the business.
Agent Provocateur’s chairman, Chris Woodhouse, recently stepped down as chairman and Ian Lobley, a partner at 3i, took over.
In early January, it was reported that 3i had appointed restructuring firm AlixPartners to devise a turnaround plan for Agent Provocateur before it is put up for sale.
3i declined to comment on the Malverdi rumours.