Mulberry boss Bruno Guillon quits after two years at the helm of luxury giant
Departure comes two months after the company issued a major profit warning
Thursday 20 March 2014
Mulberry's chief executive has left the luxury handbags firm after two years at the helm.
The departure of Bruno Guillon, who joined the Somerset-based company from Hermes in 2012, comes two months after a major profits warning.
He will be replaced on an interim basis by former boss Godfrey Davis, who oversaw the rapid growth of the Mulberry brand between 2002 and 2012.
Mr Davis, who will revert back to his old role of executive chairman until a successor is found, said Mr Guillon had improved the quality of the Mulberry offering and increased its appeal in international markets.
He added: "I am confident that Mulberry has the heritage, brand appeal and products to build on what has been achieved."
The company issued a profits warning within months of Mr Guillon's appointment in March 2012 and in June last year announced that creative director Emma Hill was to leave the luxury handbag maker.
Following her appointment in 2008, Ms Hill was credited with turning the firm from a trusted briefcase and wallet maker into an international fashion powerhouse with a clutch of celebrity fans.
The company's best known product of recent times has been the Alexa bag - inspired by style icon Alexa Chung - while its Del Rey bag was inspired by American artist Lana Del Rey.
Mr Guillon said last year that after three years of rapid growth he was laying the foundations for turning Mulberry into a global luxury brand.
He pointed out that with over 80% of sales derived from markets where the economic climate remains difficult, Mulberry's challenge was to accelerate its brand awareness in the United States and Asia.
However its recent warning left Mulberry on course for another year of falling profits, having slumped by more than a quarter in the 12 months to last March.
Mr Guillon was previously managing director of Hermes France, a position he held for four years. He joined Hermes in 2001, having previously worked at LVMH and Nina Ricci.
Additional reporting by agencies
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 The secret report that helps Israelis to hide facts
- 3 Danish TV reporter is all business up top, all party down below
- 4 Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
- 5 Businessman charged £75 for three small bottles of water in London hotel
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
iJobs Money & Business
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£350 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...
£500 - £560 per day: Orgtel: Java Developer FX - Banking - London - Up to £560...
£350 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...
£26000 - £30000 per annum + Benefits: Ashdown Group: Account Manager - (Produc...