CHRISTOPHER BAILEY LEAVING BURBERRY

After 17 years of service, Burberry’s president and chief creative officer, Christopher Bailey will be leaving the fashion house at the end of 2018. Burberry didnt give an exact reason for Bailey’s exit, but did offer up a statement from Marco Gobbetti, chief executive officer of Burberry:

“Burberry has undergone an incredible transformation since 2001 and Christopher has been instrumental to the Company’s success in that period. While I am sad not to have the opportunity to partner with him for longer, the legacy he leaves and the exceptional talent we have at Burberry give me enormous confidence in our future. We have a clear vision for the next chapter to accelerate the growth and success of the Burberry brand and I am excited about the opportunity ahead for our teams, our partners and our shareholders.”

Burberry has already begun the process of finding Bailey’s successor.