Burberry?s CEO To Leave for Salvatore Ferragamo
After slightly more than four years at Burberry, CEO Marco Gobbetti leaves for the Italian luxury shoe label, Salvatore Ferragamo.
The post Burberry?s CEO To Leave for Salvatore Ferragamo appeared first on LUXUO.
Marco Gobbetti, CEO of Burberry
In a sudden turn of events, Burberry?s CEO Marco Gobbetti has decided to leave the British heritage label for Florence-based Salvatore Ferragamo after merely a four-year stint.Â
In a statement released by Burberry, Gobbetti has taken up the role of general director and CEO at Ferragamo and this opportunity ?will enable him to return to Italy and be close to his family.? Being away from his native Italy for more than two decades and compounded with the current woes of the pandemic, it?s no surprise that he wants to relocate back.
Gobbetti took up the top executive position back in 2017 from his predecessor Christopher Bailey, who was Burberry?s CEO and chief creative officer. With over a decade of experience spanning different Houses such as Moschino, Givenchy and Celine, the luxury veteran had envisioned a five-year plan to revitalise the British brand where it will become a powerhouse comparable to competitors such as Gucci, Dior and Louis Vuitton.Â
Burberry Spring 2017 RTW by Christopher Bailey
Since Gobbetti took over, Burberry?s share price has risen 37% but after the announcement of his leaving on June 28 the shares have fallen and it is trading around 25% higher than in July 2017. During his tenure at the brand,...
The post Burberry?s CEO To Leave for Salvatore Ferragamo appeared first on LUXUO.
Marco Gobbetti, CEO of Burberry
In a sudden turn of events, Burberry?s CEO Marco Gobbetti has decided to leave the British heritage label for Florence-based Salvatore Ferragamo after merely a four-year stint.Â
In a statement released by Burberry, Gobbetti has taken up the role of general director and CEO at Ferragamo and this opportunity ?will enable him to return to Italy and be close to his family.? Being away from his native Italy for more than two decades and compounded with the current woes of the pandemic, it?s no surprise that he wants to relocate back.
Gobbetti took up the top executive position back in 2017 from his predecessor Christopher Bailey, who was Burberry?s CEO and chief creative officer. With over a decade of experience spanning different Houses such as Moschino, Givenchy and Celine, the luxury veteran had envisioned a five-year plan to revitalise the British brand where it will become a powerhouse comparable to competitors such as Gucci, Dior and Louis Vuitton.Â
Burberry Spring 2017 RTW by Christopher Bailey
Since Gobbetti took over, Burberry?s share price has risen 37% but after the announcement of his leaving on June 28 the shares have fallen and it is trading around 25% higher than in July 2017. During his tenure at the brand,...
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