WWD confirmed on Wednesday that the rumours are true and veteran chairman and Chief Executive since 1999 Ralph Toledano has left the luxury French fashion company.

Ralph Toledano

Reportedly he was pushed to leave by Richemont fashion and accessories businesses' CEO since May 2009, Marty Wikstrom, from increasing pressure to strengthen the brand. Ralph Toledano, who is believed to have made Chloé what it is today, may be replaced by former CEO of Liberty’s London, Geoffrey de la Bourdonnaye. Chloé has not confirmed these reports published by various sources and no official statements have been made.