Duchamp chief executive Marc Psarolis has left the premium menswear brand after 12 years.
Marc’s wife, brand director Alison Psarolis, has also departed. It is not known what their future plans are.
Marc Psarolis joined Duchamp in 2002 as sales director and became chief executive four years later when the founder Mitchell Jacobs sold the business to Icelandic investors. Duchamp today is a subsidiary of Duchamp Holdings Limited, owned by Iceland-based Glitnir Bank.
Alison Psarolis joined Duchamp as design and production director in 2006, and was promoted to brand director in 2010. She previously worked as a buyer at Marks & Spencer and assistant buyer at Debenhams.
Finance director John Higgins is understood to be running the company.
Duchamp’s most recently available results on Companies House show that the company posted an operating loss of £383,200 in the 53 weeks to 2 February 2013, compared to a profit of £44,396 the year before. Sales fell 0.8% to £7.4m over the same period.
A statement on Companies House said challenging conditions faced by wholesale customers impacted its sales orders.
The menswear brand has two London stores in Westfield White City and Jermyn Street. Wholesale customers include John Lewis, House of Fraser and independent chain Jules B. Agency Four Marketing handles the wholesale side of the business.
Duchamp did not respond to calls for comment. Marc Psarolis declined to comment.