Wednesday, November 23, 2016

DVF CEO Resigns

Diane Von Furstenberg Paolo Riva has resigned from the company with immediate effect, reports the BoF. The decision, which is said to have been made by Riva, comes 19 months after he was appointed as the fashion house's first-ever chief executive officer in April 2015.

"I would like to thank Paolo for his contribution to DVF. Our business strategy and Jonathan Saunders's vision for the brand remain in place," said founder and chairman Diane von Furstenberg, referring to her recently appointed chief creative officer. "I am very excited about our future."


Riva joined the house from Tory Burch, where he was vice president of apparel and visual merchandising. During his time at the brand, it was reported that its annual revenue for 2015 was estimated at $500 million and Saunders - who shuttered his eponymous London-based label late last year - was brought on to succeed Von Furstenberg in the design stakes. His first collection, which was unveiled during New York Fashion Week in September, was praised by editors and buyers alike, heralding a new beginning for the esteemed American house. At this stage, Riva's next move is unknown.

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