Accessories brand Aspinal of London has appointed Lisa Montague as its new chief executive, following investment from Four Seasons earlier this year.
Drapers understands Montague is due to start in September and will take over from current chief executive Sarah Rotherham. Montague is currently chief executive at LVMH-owned Spanish leather specialist Loewe and was previously chief operating officer for six years from 2003 to 2009.
Rotherham will leave the business after three years on 1 April. Her next role is not known.
Aspinal non-executive director Nick Roberts will support Aspinal during the interim period and has been working with the firm for the last six months. He was managing director for Europe at Mulberry from September 2012 to September 2014, and was previously retail director at the accessories label for 10 years.
The firm has also appointed Chris Clark as global head of wholesale to manage key partners and drive wholesale sales. He was most recently commercial director for EMEA at Hunter Boot for five years from 2012 and was previously regional director for Pentland Brands-owned Lacoste footwear from June 2008 to June 2012.
Founder Iain Burton told Drapers he sold a 20% stake in the business to family investment office Four Seasons earlier this year to fuel expansion in the Middle East and open more stores in the UK.
Aspinal will open its new flagship and largest store in St James, London, in summer this year, followed by a new store in Edinburgh later this year. The firm now has more than 20 stores across the UK and four internationally.