Fashion retailer Jaeger said its chief executive has resigned with immediate effect, after a reported disagreement over whether the brand should focus on mass market sales.
The group confirmed that its boss Colin Henry had left the firm after two years at the helm.
Jaeger, which runs 56 stores and also has concessions in department stores, is in the middle of a turnaround after private equity firm Better Capital bought a 90 per cent stake in the business for £19.5m in 2012 from fashion entrepreneur Harold Tillman.
The firm was established in 1884 and today designs and sells menswear in addition to its traditional womenswear ranges.
Reports said Mr Henry disagreed with Better Capital over whether the brand should boost its mass-market appeal.
Mr Henry is understood to have argued this would dilute the upmarket image of the 131-year-old brand.