Burberry’s Christopher Bailey to Leave Before 2019
- New CEO Gobbetti joined Burberry from LVMH’s Celine label
- Bailey had held CEO position at fashion brand since 2014
Burberry's Way Forward Without Christopher Bailey
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Burberry Group Plc creative head Christopher Bailey will leave after yielding the chief executive officer role to Marco Gobbetti, who’s tightening his hold over the trench-coat maker as it tries to revive consumer interest in its trademark check.
Bailey’s departure late next year will end an unusual power-sharing arrangement with Gobbetti, who took over as CEO in July after leaving LVMH’s Celine. Burberry shares fell as much as 3.4 percent in London.