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Nicole Farhi chief exec stands down

Nicole Farhi chief executive officer Niki Scordi has resigned from her position at the brand after four years.

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.

Sion Kearsey, managing partner of Kelo Place Asset Management said, “We want to thank Niki for her significant contribution to the business and wish her every success”, adding, “an announcement for the appointment of a new CEO will be made in due course”.

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