Fashion House Victoria Beckham announced that CEO Paolo Rava leaves his post a year after starting work. He will be replaced by the chairman of the company, Ralph Toledano. He joined the company in March last year as part of the brand’s cooperation with the investment company NEO Investment Partners, which saved Victoria Beckham’s business from losing money.
“I was very pleased to work with Paolo, and on behalf of the board I would like to thank him for the contribution he made to the development of the company. I look forward to continuing the implementation of the brand strategy together with Victoria and the team, ”commented Toledano.
Riva himself added that he was proud of what he had achieved in the team, and wished the company great success.
The reasons for leaving Riva from the post of CEO are unknown. In 2015, Paolo Riva worked as the CEO of the brand Diane von Furstenberg, from where he left after a year of cooperation.
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