Only 18 months after hiring their first CEO, Paolo Riva has resigned from DVF with immediate effect.
Riva stepped into the newly created position last April after a long search for the perfect candidate. He left his position as Vice President of Tony Burch to work alongside designer and Chairman, Diane von Furstenberg. He has also worked with Valentino and Salvatore Ferragamo. During his short tenure with DVF, Riva bought in renounced designer Jonathan Saunders as chief creative officer. Back in December, Saunders ended his popular eponymous label due to ‘personal reasons’. The introduction of Saunders boded well for the company, with his first collection being highly praised by critics. Riva also helped to take DVF into the digital age and expand their market. Four stores in Dubai were opened to strategically expand the Middle Eastern market. During Riva’s time at DVF, co-Chairman Joel Horowitz did leave the company.
The fashion label announced the sudden departure on Thursday. WWD reports, Riva wanted to pursue other opportunities and the decision was Riva’s own. In a statement released by Diane von Furstenberg, she said:
“I would like to thank Paolo for his contribution to DVF. Our business strategy and Jonathan Saunders’ vision for the brand remain in place. I am very excited about our future.”
There are no plans to replace Riva. Instead the company plan to bring in “high level, quality people” in January.