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Chloé chief executive exits

Ralph Toledano, chairman and chief executive officer of luxury womenswear brand Chloé, has reportedly left the company.

Geoffroy de la Bourdonnaye, former chief executive of London department store Liberty, is reported to be one of the front runners to replace Toledano who had been chief executive since 1999. De la Bourdonnaye left Liberty in June following the store’s sale to private equity firm BlueGem Capital Partners.

De la Bourdonnaye joined Liberty three years ago and is credited with installing a new team and restoring the store to profit for the first time in a decade. Before joining Liberty, he was president of Christian Lacroix and held executive roles at Walt Disney and PepsiCo.

It is not known if Toledano has a job to go to.

Chloe owner, Swiss luxury goods group Richemont, saw its group sales drop 4% to 5.2bn (£4.4bn) in the year to March 31, dragged down by a poor wholesale performance.

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