Burberry's Bailey takes centre stage in London menswear showcase
LONDON (REUTERS) - The heir apparent to the Burberry crown took centre stage on Wednesday as the British trenchcoat maker presented its latest menswear collection in London, with its outgoing chief executive nowhere in sight.
The 158-year-old luxury goods maker, famed for its camel, black and red check pattern, said in October chief creative officer Christopher Bailey would also take up the chief executive role in mid-2014, replacing Ms Angela Ahrendts who is leaving for Apple.
The announcement heralded the end of a partnership credited by analysts as having restored Burberry's cachet after its trademark design became ubiquitous in the 1990s, and came amid a wider management shake-up.
Ms Stacey Cartwright, who served as Burberry's chief financial officer for nine years before stepping down last year, said on Wednesday she would be joining upscale department store chain Harvey Nichols as its chief executive.