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LONDON — Burberry ’s loss will be Ferragamo’s gain when Marco Gobbetti . Italian fashion group Salvatore Ferragamo (SFER.MI) said on Monday it had .
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LONDON — Marco Gobbetti is stepping down as CEO of Burberry, and will leave his post at the end of 2021 after nearly five years on the job. The company said Monday he is leaving to take up.
LONDON — Burberry ’s loss will be Ferragamo’s gain when Marco Gobbetti leaves England later this year and returns to his native Italy in a new chief executive role, although his unexpected. Italian fashion group Salvatore Ferragamo (SFER.MI) said on Monday it had chosen Marco Gobbetti, the outgoing CEO of British luxury group Burberry (BRBY.L), as its new chief executive. The hunt for the new CEO at Burberry is on after the shock exit of Marco Gobbetti to smaller Italian heritage shoemaker Salvatore Ferragamo, mid-way through executing the UK luxury brand’s turnaround strategy.
Burberry’s Marco Gobbetti is leaving the British fashion house to take the reins at rival label Salvatore Ferragamo after spending almost five years as its CEO.
Marco Gobbetti, who started a turnaround at Burberry, will leave the British luxury fashion label at the end of this year to return to Italy where he’ll head up rival Salvatore Ferragamo. The departure of Burberry CEO Marco Gobbetti to join Salvatore Ferragamo as managing director and CEO has been met with surprise by industry insiders, as the results of his turnaround strategy are yet to reach their full potential. Shares in Burberry dropped more than 8% following the announcement this morning [28 June] that Gobbetti wished to .
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