Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Chief executive Marc Psarolis departs Duchamp

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.

Readers' comments (2)

  • Marc Psarrolis is Duchamp!

    Unsuitable or offensive? Report this comment

  • Too bad, Marc worked his butt off in the states with me to launch the brand, he is a real statesman for the brand or was.

    I am sure he will be successful once he get's rocking on his next gig.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.