Lovisa investors say the influence of the jewellery chain’s chairman and his veteran lieutenant has reassured them about the growth of the company, despite the abrupt departure of high-profile chief executive Victor Herrero.

The retailer, chaired and controlled by billionaire businessman Brett Blundy, said earlier this week that Mr Herrero would leave next year and be succeeded by John Cheston, the current chief executive of Smiggle, part of Solomon Lew’s Premier Investments empire.