Burberry’s change of leader should not mean a whole new wardrobe
over 4 years in The guardian
Marco Gobbetti turned the luxury brand around. Investors at this week’s AGM will want his successor to follow suit
Investors were shaken last month to learn that Burberry boss Marco Gobbetti was quitting to return to Italy after almost five years at the helm of the British luxury brand, news that led to the shares falling nearly 9%.
His departure, and Burberry’s succession plans, are bound to trigger many questions from shareholders at the company’s annual meeting in London on Wednesday. Gobbetti is the man credited with turning around the fashion brand – known for its trenchcoats and check scarves – since he took over as chief executive from Christopher Bailey in 2017. Continue reading...
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