Burberry said that the 62-year-old will step down to seize another opportunity to allow him to return to Italy and get closer to his family.
Luxury goods company Salvatore Ferragamo Group stated that it has reached an agreement with Gobbetti to join Salvatore Ferragamo as general manager and chief executive officer.
The group expects him to remain in the company until the end of the calendar year. Gobbetti will work with Chairman Gerry Murphy to fully support the orderly transition of the executive leadership team.
Murphy said that Goberti “has a transformative impact, and has established clear goals and strategies, an excellent team and a strong brand motivation.”
At the end of 2017, the CEO announced plans to push the company into higher-end markets to compete with competitors, hoping to bring Axe to some stores that are not close enough to Burberry’s high-spending shoppers. Since joining, he has brought in creative director Riccardo Tisci and launched a series of new series.
Like other luxury brands, Burberry’s sales have been affected by the pandemic, but it said last month that the full-year recovery accelerated, resulting in a 32% year-on-year increase in comparable store sales in the fourth quarter.
Gobbetti said: “As a team, we have enhanced and strengthened our brand and business, while continuing to be a force for good. As Burberry regained its vitality and firmly embarked on a path of strong growth, I feel that I am now stepping down. good time.”
Before joining Burberry, Gobbetti worked at Celine, a luxury leather group, and served as Chairman and CEO from 2008 to 2016. He also previously worked at Givenchy and Moschino.