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Finery co-founder to step down

Luca Marini, co-founder and chief operating officer of womenswear etailer Finery, is leaving at the end of the month.

luca marini, co-founder of Finery

luca marini

Luca Marini

Marini and his business partners Nickyl Raithatha and Caren Downie launched Finery in February 2015.

The etailer recorded £5m in sales in its first year of trading. It now generates £16m across 10 countries.

Marini told Drapers: “Building Finery from scratch into a credible player on the British high street has been an extremely rewarding adventure. I leave the business after four years in an excellent position, and I’m confident that [Finery CEO] John Hind will continue leading the brand to new heights.

”I have decided to leave at the end of the month to take on a new challenge, but want to take this opportunity to give a big thank you to all the employees, suppliers, partners and investors, without whom none of this would have been possible.”

Finery appointed Hind, the former boss of womenswear label Me & Em, as CEO in August this year. He replaced Raithatha, who remains involved in the business as an advisor and shareholder.

Downie, who was previously fashion director of Asos and buying director of Topshop, stepped down from her role as brand director of Finery in January.

Fashion entrepreneur Touker Suleyman, owner of Hawes & Curtis and Ghost, took a minority stake in Finery at the beginning of the year, with the aim of delivering quality improvements and cost efficiencies.

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