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Nicole Farhi appoints interim chief executive

Designer label Nicole Farhi has appointed management consultant Francois Steiner as interim chief executive officer following the departure of Niki Scordi last week.

On Friday Drapers reported that Nicole Farhi chief executive officer Niki Scordi had resigned from her position at the brand after four years.

Steiner has previously help positions including managing director of Sonia Rykiel, chief executive officer of Kenzo, managing director at shirt specialist Thomas Pink and president of Louis Vuitton Europe. He most recently founded Steiner Conseil, a management and strategic consulting company.

Steiner said: “I am thrilled to be working with Nicole, her team and Kelso Place to drive this business forward. With the new flagship store and plans for UK and international expansion, this is a very exciting time for the brand.”

Private equity firm Kelso Place Asset Management bought a majority stake in the British brand in January, promising to invest £15m over the next five years and expand its market by creating a presence in Asia.

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