Harvey Nichols boss Stacey Cartwright exits

Cartwright is leaving the department store retailer following a transition to a new management structure which has seen Daniela Rinaldi and Manju Malhotra take the roles of joint chief operating officers.

Cartwright, who has been deputy chairman of the retailer since the beginning of the year, is reportedly exiting to “focus on developing a portfolio of non-executive interests”.

She was previously chief executive, a role she held for three years.

Harvey Nichols axed its chief executive role in September.

Cartwright said: “It has been a privilege to have led Harvey Nichols through the first stage of the brand rejuvenation over the past four years.

“The physical refurbishment of the Knightsbridge flagship store is well advanced, while the digital development of the brand has also achieved significant progress.

“I leave the business in the excellent hands of Daniela and Manju, and will be an admiring fan and customer going forward.”

Rinaldi and Malhotra added: “We thank Stacey for her great contribution to Harvey Nichols over these last four years and wish her well in her new non-executive career.”

Harvey Nichols recorded a £6.7m pre-tax loss in its full-year results in December.