Ralph Toledano, Victoria Beckham’s chairman, is set to bid farewell to the British luxury brand he led for eight years.
The manager confirmed his departure and his resignation as a partner of Neo to the trade magazine WWD. Neo is the private equity firm that invested £30 million in Victoria Beckham in 2017 and has a minority stake in the company. Toledano’s resignation emerges from documents filed with Britain’s Companies House.
Speaking to WWD, Toledano said that while he is “technically” retiring, he sees the move as the start of a “new chapter.” This should be defined by “learning and passing on”. In addition to pursuing personal interests, particularly European history, he also intends to continue to promote fashion talent. He wants to help people build their careers.
Toledano added that he was “very calm” about the decision to resign, especially since Victoria Beckham continued to show strength. “The results are good, the roadmap is clear and there is great leadership,” he continued.
Toledano, who was also president of the French fashion association Fédération de la Haute Couture et de la Mode, was named chairman in 2018. He was personally selected for this role by the brand founder of the same name, Victoria Beckham. At the time, the designer said his “unparalleled industry experience” was the reason for the appointment.
Since then, Toledano has worked with Beckham to build the brand. Last year, sales rose 19 percent to over $170 million. According to Neo founder David Belhassen, the company could be on track to reach $1 billion in sales. This is particularly possible given Beckham’s reputation.
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