Dragon's Den star Michele Romanow steps down as CEO of e-commerce business Clearco | CBC News

Posted: Jan 16, 2023 3:10 PM EST | Last Updated: January 16star's career change in an email to The Canadian Press on Monday, saying she will be replaced by Andrew Curtis.

Romanow will not depart from the company completely. She will now share the executive chairman role with Andrew D'Souza, Romanow's co-founder who stepped down as chief executive almost a year ago following a romantic split between the two. "Michele will remain an integral part of the company, and this leadership transition brings in an experienced finance leader while keeping our founding team close to the business."The switch up comes as tech companies are experiencing a downturn as their valuations fall from COVID-19 highs, investor exuberance fades and consumers return to pre-pandemic habits.

Clearco, which was founded in 2015 by Romanow, D'Souza, Charlie Feng and Ivan Gritsiniak, began a layoff Monday, with 25 per cent of staff cut, said Rosen-Wachs.The company previously laid off 125 employees from its 500-person workforce in July and then 60 in August, when it handed off its international business to U.K. and Australian e-commerce investor Outfund.

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It's not going to work..

And I’m sure those staff had mortgages to pay

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