Ulric Jerome, the CEO of Matchesfashion.com, has announced his departure after serving in the position since 2015, sparking speculation about who will succeed him at the luxury e-commerce retailer. Although the reason for his exit remains undisclosed, the company is preparing for a seamless transition by assigning the responsibilities of the CEO to COO Tom Athron and CFO Fiona Greiner in the interim.
During his tenure, Ulric Jerome played a pivotal role in steering Matchesfashion.com towards immense growth and success, collaborating closely with founders Tom and Ruth Chapman. Under his leadership, the company evolved into a prominent player in the luxury online retail sector, marked by milestones such as the expansion into a dedicated French site, the introduction of express delivery services, the establishment of a new photographic studio in East London, and the foray into new markets like Hong Kong.
Matchesfashion.com gained significant attention in 2015 with the acquisition of a controlling stake by Apax for £800 million, solidifying its position as a premium player in the industry. The company’s impressive growth trajectory was evident in the surge in revenues by 44% and profits by 34% reported in May 2018, with a substantial 82% of business generated internationally.
Reflecting on Jerome’s departure, Matches board member Gabriele Cipparrone lauded his instrumental role in the brand’s global digital transformation. Starting his journey with Matchesfashion.com in 2013, Jerome navigated the company through rapid expansion and consolidation as a key player in the luxury online retail landscape, competing with industry stalwarts like Net-A-Porter and MyTheresa.
Established in 1987, Matchesfashion.com boasts a portfolio of over 400 luxury brands offered worldwide through its digital platforms and a network of four physical stores in London, including its luxurious townhouse location. As the brand embarks on a new chapter post-Jerome’s departure, the industry eagerly awaits insight into its future trajectory and potential avenues for growth under fresh leadership.
To learn more about Matchesfashion.com’s journey and evolution, you can visit their official website here. For updates on luxury e-commerce trends and developments, explore insights from industry experts Vogue Business.
