Burberry to replace Bailey as CEO with Céline’s Gobbetti

British luxury brand Burberry has recruited Marco Gobbetti, the Italian boss of French brand Celine, to succeed Christopher Bailey as chief executive next year, freeing Bailey to focus again on the design role that made his name. Burberry said he would retain his creative role and also take the title of president.

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Burberry to replace Bailey as CEO with Céline’s Gobbetti