Christopher Bailey To Leave Burberry
Once credited with turning around the fortunes of British heritage brand, Burberry, Creative Director and CEO Christopher Bailey is set to leave in early 2018.
Once credited with turning around the fortunes of British heritage brand, Burberry, Creative Director and CEO Christopher Bailey is set to leave in early 2018. The move comes after Bailey stepped down as Chief Executive after growing investor unease in June of this year. His departure looks set to be a costly one, with estimates putting his pay out at upwards of $20 million.
Once hailed as the saviour of Burberry, Bailey has been with the brand for 17 years and has been the Chief Creative Designer since 2009, also becoming the Chief Executive in 2014. Hugely popular in the fashion industry, Bailey has overseen huge peaks of profit for the brand and led campaigns shot by the likes of Mario Testini and took the brand into an unchartered leading digital position, making Burberry one of the most wanted labels on the planet.
Adored by celebrities and industry insiders alike, investors soon grew anxious due to flagging sales in markets such as China and Middle East, leading to him stepping down as Chief Executive. There is no word as yet as to what his next move will be, but we are sure, in true Bailey form, it will be perfectly executed and fashionably fabulous.