Co-Founder and current Co-CEO of Rag & Bone, David Neville, has announced that he will step down from the top post immediately. The move will leave long-time founder and business partner Marcus Wainwright as the sole CEO of the New York brand. Despite relinquishing his position, Neville is set to remain on the borad of director's as well as maintain one of the largest stakeholders in the brand.

Rag & Bone currently operates 22 stores in the US, one in London, as well as their newly opened Dubai store.