Luxury brand Burberry’s CEO Marco Gobbetti to step down

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Gobbetti will be leaving at the end of 2021 after almost five years with the company, during which he transformed Burberry’s brand and business, to take up a position that will let him return to Italy, Burberry said.

“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,” Gobbetti said as Burberry said it will start the search for a successor.