// The CEO of Matchesfashion, Ulric Jerome, has left the retailer
// He has been with Matchesfahion since 2013, and was promoted to CEO in 2015
// His successor is yet to be named
Reports have emerged that the chief executive of Matchesfashion has departed the business after four years at the helm.
According to both Business of Fashion and WWD, the fashion retailer’s chief financial officer Fiona Greiner and chief operating officer Tom Athron will carry out the duties of chief executive in his absence.
READ MORE:
Matchesfashion has yet not announced who will replace Jerome.
“Ulric has been instrumental in building the company into the global, digital and inspiring organization that it is today,” group board member Gabriele Cipparrone told WWD.
The Retail Gazette has contacted Matchesfashion for comment.
Jerome first joined Matchesfashion in 2013 as chief operations officer before being promoted to chief executive officer in 2015.
Around that time, Ruth and Tom Chapman – who both founded Matchesfashion in 1987 – became joint chairmen.
In 2017, a majority stake in the luxury fashion retailer was acquired private equity firm Apax Partners, prompting the Chapmans to step down as chairmen.
In its financial year ending January 2018, Matchesfashion reported a 44 per cent surge in annual revenue £293 million, which was “driven by international expansion”.
Under Jerome’s tenure, Matchesfashion grew its ecommerce to account for 95 perc ent of revenue.
Jerome also oversaw the investment of a 500,000sq ft distribution hub near Heathrow, to achieve its target of handling around four million shipments a year by 2020.
Meanwhile, last year the retailer invested in a 24,000sq ft hub and creative studio space in East London, separate from its headquarters in The Shard.
Click here to sign up to Retail Gazette‘s free daily email newsletter
