Bloomberg

(Bloomberg) -- Burberry Group Plc said Marco Gobbetti, the chief of French fashion brand Celine, will replace Christopher Bailey as chief executive officer so that the latter can focus on being the creative head of the luxury-goods maker.

Gobbetti will join the board upon arrival sometime next year, the company said in a statement Monday.

To contact the reporters on this story: Andrew Roberts in Paris at aroberts36@bloomberg.net, Thomas Mulier in Geneva at tmulier@bloomberg.net. To contact the editors responsible for this story: Matthew Boyle at mboyle20@bloomberg.net, Thomas Mulier, Paul Jarvis

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