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LONDON — Francois Steiner has stepped down as chief executive of Nicole Farhi after a year in the role.
The company said Friday that Steiner, a luxury goods veteran who took up the role last May, left due to personal circumstances that require him to spend time in Paris.
Sion Kearsey, the managing partner of Kelso Place Asset Management, and Joanna Sykes, creative director of Nicole Farhi, will assume day-to-day management of the business.
“The response to the new collections has been fantastic, and we’ve made great progress across the business,” said Kearsey. “I’d like to thank Francois for his contribution.”
Sykes said management has “built an incredible team over the past year, and are really excited about the direction the brand is taking.”
Steiner has held several positions in retail and fashion, including managing director of Sonia Rykiel, chief executive of Kenzo, managing director of Thomas Pink and president of Louis Vuitton Europe.
Kelso Place bought a majority stake in the Nicole Farhi business in January 2012 from OpenGate Capital, the Los Angeles-based private equity firm. OpenGate bought the Nicole Farhi business from French Connection Group Plc in early 2010.