Burberry Group (BRBY)

Sector:

Personal Goods

Index:

FTSE 100

1,824.00p
   
  • Change Today:
    -20.50p
  • 52 Week High: 2,264.00
  • 52 Week Low: 1,356.00
  • Currency: UK Pounds
  • Shares Issued: 404.88m
  • Volume: 676,298
  • Market Cap: £7,385m
  • RiskGrade: 142

Burberry CEO Gobbetti to step down

By Michele Maatouk

Date: Monday 28 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Burberry said on Monday that chief executive officer Marco Gobbetti will step down at the end of the year to take up another opportunity that will allow him to return to Italy and be closer to his family, sending shares in the luxury fashion brand tumbling.
Italy's Salvatore Ferragamo said in a statement that Gobbetti will be its new general manager and CEO.

Burberry will now begin the search for a successor and said that Gobbetti, who was in the role for nearly five years, will remain with the company until the end of the calendar year. In that time, he will work with chairman Gerry Murphy to provide full support to the executive leadership team on an orderly transition.

Murphy said: "I would like to thank Marco for his partnership and the immense contribution he has made to Burberry. He has had a transformative impact and established a clearly-defined purpose and strategy, an outstanding team and strong brand momentum.

"The board and I are naturally disappointed by Marco's decision but we understand and fully respect his desire to return to Italy after nearly 20 years abroad. With the execution of our strategy on track and our outlook unchanged, we are determined to build on Burberry's strong foundations to accelerate growth and deliver further value for our shareholders."

At 1155 BST, the shares were down 7.9% at 2,072p.

IG market analyst Joshua Mahony said: "With the stock having only just recovered from its 2020 slump, investors will have the uncertainty of a new leader potentially shifting the strategy despite recent successes under Gobbetti."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Burberry Group Market Data

Currency UK Pounds
Share Price 1,824.00p
Change Today -20.50p
% Change -1.11 %
52 Week High 2,264.00
52 Week Low 1,356.00
Volume 676,298
Shares Issued 404.88m
Market Cap £7,385m
RiskGrade 142

Burberry Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.32% above the market average0.32% above the market average0.32% above the market average0.32% above the market average0.32% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
55.53% below the market average55.53% below the market average55.53% below the market average55.53% below the market average55.53% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income Not Available
Growth
16.10% above the market average16.10% above the market average16.10% above the market average16.10% above the market average16.10% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 13
Sell 0
Strong Sell 1
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Burberry Group Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Jul-21 19-Dec-19
Paid 06-Aug-21 31-Jan-20
Amount 42.50p 11.30p

Trades for 24-Sep-2021

Time Volume / Share Price
16:39 17 @ 1,824.00p
16:39 99 @ 1,824.00p
16:39 215 @ 1,824.00p
16:38 1,598 @ 1,824.00p
16:35 337,549 @ 1,824.00p

Burberry Group Key Personnel

CEO Marco Gobbetti
Chair Gerry M Murphy

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