Ralph Toledano Leaves Chloé

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RALPH TOLEDANO no longer holds the position of ceo and chairman at luxury fashion house Chloé. Although a successor has not yet been confirmed, former Liberty ceo, Geoffroy de la Bourdonnaye is thought to be a key front runner.

There are suggestions that Toledano was pushed out by his new boss Marty Wikstrom, who heads up Richmont's fashion and accessories businesses - the company that oversees Chloé, Azzedine Alaïa and Shanghai Tang.

Toledano, who has worked at the label since 1999, has so far refused to release an official line.

"We never comment on rumours," he told WWD.

Wikstrom has also declined to comment.

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vogue.com
 
French luxury vet steps in at Chloe
By JAMES COVERT
Last Updated: 3:51 AM, August 27, 2010

A French luxury executive yesterday was poised to take the helm at Chloe, just days after the European fashion label's shocking ouster of longtime CEO Ralph Toledano, sources told The Post.

As reported exclusively Wednesday by The Post, Toledano was fired after more than a decade atop Chloe, a tenure that included designers Stella McCartney and Phoebe Philo.

On tap to replace Toledano is Geoffroy de la Bourdonnaye, a veteran of French luxury conglomerate LVMH and Walt Disney Co., who most recently engineered the turnaround of British department store Liberty, sources said.

De la Bourdonnaye's assignment will be to revive the lackluster financial performance of Chloe, a 55-year-old label whose enthusiasts have included Brigitte Bardot, Grace Kelly and Natalie Portman.

The label's profitability had surged under designer Philo, who was relatively unknown when tapped by Toledano to replace McCartney in 2001. But Philo left abruptly in 2006, citing personal reasons, and business has never fully recovered.
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