Nicole Farhi has announced that Francois Steiner has become their new interim Chief Executive Officer with immediate effect, following the departure of Niki Scordi last week after the label was sold to Kelso Place Asset Management.

Steiner's experience includes positions as Managing Director of Sonia Rykiel, CEO of Kenzo and President of Louis Vuitton Europe. Steiner said 'With the new flagship store and plans for UK and international expansion, this is a very exciting time for the brand'.