Tag: Burberry

Burberry chief executive Marco Gobbetti to step down from leading the fashion firm

Burberry’s CEO is planning to step down (Burberry)

Burberry shares crashed on Monday as boss Marco Gobbetti, credited with reviving the British fashion champion, announced his shock resignation.

The shares dropped more than 8%, or 188p, to 2062p after the retailer, known for its trademark trenchcoats, said the luxury goods expert is set to step down at the end of the year.

The chief executive has led the FTSE 100 company since 2017, taking over from Burberry veteran Christopher Bailey. He has made a number of changes there and shares had gained 37% since his appointment to Friday’s close price.

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