BURBERRY TOP MANAGEMENT SHAKE-UP

Burberry’s Christopher Bailey, who has held the dual role of creative director and ceo since 2014, has tapped Marco Gobbetti as chief executive officer and Julie Brown as both chief operating and financial officer. The designer will maintain his creative title and also become president. The top-brass shake-up stems from Bailey’s long term vision hinged on the conviction that the company needs to evolve and reorganize via a major strategic overhaul that requires high-profile figures with a strong operational experience. Bailey immediately hit it off with Gobbetti, who since 2008 has been pivotal in swiftly building the Celine brand alongside creative director Phoebe Philo. Both Gobbetti and Brown will join in Burberry in 2017 and will report to chairman John Peace. All three execs will work very closely together to combine the various divisions together more efficiently and harmoniously.