Christopher Bailey to exit Burberry
The chief creative officer will depart from British fashion label Burberry after 17 years
Burberry is saying goodbye to its president and chief creative officer, Christopher Bailey, who's helmed the iconic British brand for 17 years. He is set to step down from his role in March 2018.
Just yesterday, the company released a statement announcing Bailey's departure: "As Burberry begins the next decade of its journey, Christopher has concluded that after 17 years it will be the right time for him to pursue new creative projects. Christopher will remain President and Chief Creative Officer until 31 March 2018, when he will step down from the Board. He will provide his full support to Chief Executive Officer Marco Gobbetti and the team on the transition until 31 December 2018."
In the official statement, Bailey also expressed his gratitude and love for his fashion home of almost two decades.
It has been the great privilege of my working life to be at Burberry, working alongside and learning from such an extraordinary group of people over the last 17 years. Burberry encapsulates so much of what is great about Britain. As an organisation, it is creative, innovative and outward looking. It celebrates diversity and challenges received wisdoms. It is over 160 years old, but it has a young spirit. It is part of the establishment, but it is always changing, and always learning. It has been a truly inspiring place to work and the decision to leave was not an easy one. I do truly believe, however, that Burberry's best days are still ahead of her and that the company will go from strength to strength with the strategy we have developed and the exceptional talent we have in place led by Marco. I would like to thank all my colleagues as well as Sir John Peace and the Board for all their support and faith in me over the years. I am excited to pursue new creative projects but remain fully committed to the future success of this magnificent brand and to ensuring a smooth transition.
Bailey first joined Burberry in 2001 and was appointed CEO and Chief Creative Officer in May 2014. No news yet on who will succeed him.