Marco Gobbetti news and archive

Marco Gobbetti to revive Ferragamo after unexpected Burberry exit

When Burberry announced the unexpected departure of CEO Marco Gobbetti this week there was no mention of his taking the reins elsewhere. Gobbetti is leaving the UK, not just to return to his native Italy, but also to revive the Italian maison Ferragamo. Back in April when Ferragamo let its chief designer Paul Andrew go, there was no hint as to a...

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Burberry CEO Marco Gobbetti to step down by year-end

Burberry has announced that its chief executive officer Marco Gobbetti is to leave the company at the end of 2021. The company said in a release that Gobbetti, who has led the transformation of Burberry’s brand and business, will be stepping down after nearly five years to take up another opportunity that will enable him to return to Italy and...

Business

Burberry's sales dip shows European market remains challenging

Europe remains a challenging market for luxury brands, as Burberry’s latest results will attest. The British brand saw sales drop nearly 40 percent in the continent in the run-up to Christmas. While its advertising campaign with footballer Marcus Rashford were a success to bring new customers to the brand, the 13 weeks to 26 December saw said it...

Business

Burberry announces acquisition of remaining Chinese operations

Burberry has announced the acquisition of the remainder of its Chinese retail operations. The luxury fashion house shelled out 54 million pounds to take over the remaining 15 percent economic interest in its Chinese business, held by Sparkle Roll Holdings Limited, a non-Group company. The British heritage house now currently holds 100 percent...

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Marco Gobbetti takes over as the new CEO of Burberry

Burberry has announced new leadership roles for its senior team. The move, Burberry said, are part of the ongoing business review that is targeting future growth opportunities in retail, product and digital enabled by changes to ways of working. Christopher Bailey will now take on the new role of President and Chief Creative Officer overseeing...