BREAKING: Marco Gobbetti Named CEO at Burberry; Christopher Bailey to Become President

Christopher_BaileySteve’s breakdown: We’ll have more on this later but the sooner you get the news, the better. We think this move is important because Bailey will now be more free to work on the creative side of the business. BTW: Stocks soared as soon as the announcement was made. That = cash for marketing.

LONDON, UK & NEW YORK, NY: British luxury brand Burberry has announced that chief creative officer Christopher Bailey has been appointed its president, handing over the title of chief executive to Celine’s Marco Gobbetti.

Stay tuned to RR for more on this breaking story.

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