Array

Burberry chief quits to take top job

Date:

Share post:

Ferragamo in his native Italy, the two companies said on Monday that Burberry boss Marco Gobbetti is leaving the British fashion brand after more than four years as CEO to take the helm at luxury goods group.

Gobbetti would take up his new position as soon as Ferragamo, famous for shoes worn by Hollywood stars such as Audrey Hepburn.

They will allow him to return to Italy, adding that it will now begin the search for his successor as Burberry earlier said that Gobbetti would be leaving at the end of the year to take up a position.

The FTSE 100 index within minutes of the opening bell and Burberry shares, which have gained more than a third in value since Gobbetti’s too charge, slid 6% to 21.15 pounds.

Gerry Murphy, support the leadership team for an orderly transition and he 62-year-old Italian, who led luxury groups Celine, Givenchy and Moschino before joining Burberry, will work with the London-listed company’s chairman.

Burberry has been shifting further upmarket with more high-end products under Gobbetti.

Read more articles like this at thepopnews

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Indian Folk-rock band Swarathma is making a change by using solar energy in their concert  

Bengaluru's folk-rock band Swarathma is set to perform in Mumbai this weekend using solar and clean energy. The...

Nitesh Tiwari’s Ramayana filming got shelved: Ranbir Kapoor-Sai Pallavi Starrer Faces Copyright Issues

Nitesh Tiwari's Ramayana is in trouble now. Ranbir Kapoor and Sai Pallavi starrer much-anticipated film got shelved due...

Ayo Edebiri Opens Up About His Friendship with Jeremy Allen White

Ayo Edebiri shared details on her special friendship with Jeremy Allen White. The duo played leads in the...

Courteney Cox Opened Up About Her Relationship With Late Friends Co-star Matthew Perry

Matthew Perry is there for his friend Courteney Cox even after his death. Six months after her Friends...