UK: Mulberry CEO Bruno Guillon to step down
British luxury company Mulberry Group has revealed that Bruno Guillon is to step down as CEO with immediate effect.
Godfrey Davis, who is currently non-executive chairman and was previously CEO, will become executive chairman until a successor is found.
Guillon, who has been in the role for just two years, joined the business from French luxury brand Hermès where he was managing director of its French division.
While he has been credited with helping Mulberry to increase its international appeal and grow international retail sales, his departure comes after the company earlier this year issued a profit warning on tough UK trading at Christmas and order cancellations in South Korea.
The group's total retail sales were down 3% in the 17 weeks to 25 January, and down 7% for the last eight weeks of that period.
The company was also rocked by departure of its creative director Emma Hill last year amid reports of disagreements over company strategy. Hill was largely responsible for leading the resurgence of Mulberry in recent years.
- Yarn-forward rules weigh on Vietnam TPP potential
- How M&S plans to revamp its clothing business
- Footwear to see "significant" gains from TPP
- Is China really going through a slump?
- UK retailers key to domestic manufacturing growth
- M&S to see "departure" of sourcing chiefs?
- Gap to close 75 stores amid "disastrous" Q1
- H&M criticised for India, Cambodia labour abuses
- Now Gap accused of supply chain rights violations
- H&M, Inditex and Nike rated supply chain leaders