Marco Gobbetti news and archive

Ferragamo confirms Marco Gobbetti as CEO

Marco Gobbetti will retain his position at Salvatore Ferragamo for another two-year term, until 2026. The newly elected board of directors has also confirmed Gobbetti's role as general manager and CEO, currently holding 134,766 shares in the company listed on Euronext Milan, reported Pambianco News. The company also confirmed Leonardo Ferragamo...

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Will Maximilian Davis's sophomore collection for Ferragamo deliver sales?

Maximilian Davis showed his sophomore collection for Ferragamo last week. For a young designer at just 27 years old, there is an undeniable pressure to power the revamp under chief executive Marco Gobbetti, and deliver a collection that generates sales and resonates in a crowded luxury landscape. Davis’s first collection for the Florentine house...

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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...

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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...

Retail

Burberry increases store closures under turnaround strategy

London - Luxury fashion house Burberry has increased the number of store closures during the financial year to March 31, 2018. The heritage brand closed 34 stores across the globe during the year, including seven outlets. However, Burberry also opened 14 new stores throughout the year, bringing the net store closures to 20. “We closed net six...

People

Burberry prepares for the start of the new chapter under Marco Gobbetti

London - Burberry is preparing the start of a new chapter, as it announces the start of its newest executive hires. On Monday morning Burberry confirmed that Marco Gobbetti would officially be joining the company on January 27. However, rather than taking up the reins as CEO immediately, Gobbetti will be reporting to company Chairman Sir John...

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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...

Design

Celine cancels catwalk show

Celine has unexpectedly cancelled its catwalk show this season. In order to take the pressure off designer du jour and Celine creative director, Phoebe Philo, who is expecting a child, LVMH have opted for an intimate presentation. "A runway show is a very demanding and personal engagement for a creative director," Marco Gobbetti, chief executive...