Burberry fashions a new future as Bailey steps back
Agencies | Updated: 2016-07-12 10:06
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Chief Creative Officer of Burberry Christopher Bailey walks on the catwalk following the presentation of the Burberry Prorsum 2012 Spring/Summer collection during London Fashion Week, Britain September 19, 2011. [Photo/Agencies] |
After months of shareholder unrest and a steep fall in Burberry's share price, the retailer has announced that Marco Gobbetti will become chief executive next year. Bailey will step down as chief executive and become "president" of Burberry, while retaining his long-held position as chief creative designer.
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