Matchesfashion's CEO of just a year has stepped down with immediate effect. Ajay Kavan has left the firm and director Maureen Chiquet has taken on the role of executive chairwoman as the company looks for a new leader.
Matchesfashion has poached Amazon executive Ajay Kavan to be its new CEO, replacing Ulric Jerome. He has been a vice-president at Amazon for the past nine years, and will join the luxury fashion retailer on 19 March.
Matchesfashion went from strength to strength in the year that it was bought out with revenues up 44% and profits up 34%. And importantly, as much as 82% of its business was generated outside its home market, the UK.
Tom Athron has been appointed as new chief operating officer, and Lea Cranfield will take up the role of commercial director. Kim Hartlev will become new chief technology officer at the luxury company.
The buzz around the potential sale of matchesfashion.com is at fever pitch with the suggested £600 million sale price now rumoured to be £800 million as private equity groups line up to bid for the luxury e-tailer.