Burberry says chief executive to step down
Add BT as a preferred source[LONDON] - British luxury fashion house Burberry on Monday said its chief executive Marco Gobbetti will depart the group at the end of the year and return to Italy.
It comes a month after the pandemic-hit group announced a strong sales recovery.
"The board and I are naturally disappointed by Marco's decision but we understand and fully respect his desire to return to Italy after nearly 20 years abroad," chairman Gerry Murphy said in a statement.
Mr Gobbetti will leave after nearly five years in the role.
"With Burberry re-energised and firmly set on a path to strong growth, I feel that now is the right time for me to step down," Mr Gobbetti added in the statement.
AFP
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