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>> Rumor: Ralph Toledano Out at Chloe? —Just over the weekend, Cathy Horyn wrote: "Chloe’s real success has been due to Ralph Toledano, its CEO for the past decade." And Ron Frasch, president and chief merchandising officer of Saks, echoed that sentiment, crediting Toledano with understanding all the steps it took to rebuild Chloe as a brand. But is there unforeseen turmoil at Chloe? This morning, a rumor hit Twitter: "Woah: Chloe parent Richemont has ousted its industry-beloved CEO Ralph Toledano, the man who pretty much made the French label a success." [@jimshi809]

UPDATE: Toledano was reportedly given the boot this week after Richemont became impatient with Chloe's poor financial results, according to sources close to the situation. The brand has struggled to become profitable in recent years, and announcement of Toledano's departure is expected shortly. It is unclear whether Chloe has a replacement in the pipeline. [NY Post]

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