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Nicole Farhi staff face redundancy

Nicole Farhi is set to make redundancies at its head office as part of a wider restructure of the designer brand, as Francois Steiner is confirmed as permanent chief executive.

Drapers understands that plans were communicated to some staff during a board meeting last week.

A spokeswoman for the label said the final tally of positions affected had not been confirmed, but it would be “limited and focused” to staff in head office.

It is expected that the process will be completed by roughly the end of the month, and comes after what was described as an “intensive review” lasting six months – pre-dating Steiner.

He has been acting as chief executive since May, when predecessor Niki Scordi left after four years at the business.

As well as job cuts, the restructure will also see new appointments as Steiner looks to improve operating efficiency across the whole business.

Kicking these off, Andrew Merriman has been hired in the new role of chief finance and operating office, a role that the spokeswoman described as “hugely important in driving the business forward”.  Merriman joins from Gieves and Hawkes, where he was chief operating officer.

Steiner said: “The restructure will enable us to better focus and attain our goals. It will provide an efficient and sustainable platform from which we can grow.

“Our existing retail network will remain unchanged, indeed we are exploring opportunities to expand it further. We as always remain committed to delivering a first-class customer experience.”

Private equity parent Kelso Place, which bought a majority stake in Nicole Farhi in January, reiterated its commitment to invest up to £15m over the next five years.

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