As the global luxury market slows, Burberry appointed Mr. Marco Gobbetti as the new C.E.O. in July 2017, replacing Christopher Bailey who remains Chief Creative Officer. Gobbetti completed acost-cutting world tour to visit all of Burberry’s nearly 500 fully-owned stores, deciding on changes and reducing costs by about €110 million by 2019. He toured notably in the U.S.A., where Burberry runs 74 stores but suffered poor profitability, with sales down by 5% in the fiscal year to March...
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