Mulberry's new boss is in the bag
Thursday 22 December 2011
The handbags maker Mulberry has poached its new chief executive from French luxury goods house Hermès.
Bruno Guillon will join in March to replace Godfrey Davis, who will move into the role of non-executive chairman.
Mr Guillon's package and details of his contract remain under wraps but it is thought it will be in excess of Mr Davis's 2011 remuneration, which came in at £613,000.
Hermès' former managing director of France has been hired for his international expertise. He will lead Mulberry's expansion into the US and Asia, where its success has helped the group treble profits in the first half of this year.
Mulberry's leather handbags, such as its Alexa handbag which sells for around £785, are at the more affordable end of the luxury world. However, Mr Guillon's appointment could see Mulberry creep into the higher end of the luxury goods market because Hermès bags sell for thousands of pounds.
"I am delighted to be joining Mulberry and look forward to continuing the dynamic success that the group has achieved," Mr Guillon said.
- 1 Revolutionary lost Caravaggio painting 'Mary Magdalen in Ecstasy' identified
- 2 McKamey Manor: This 'extreme' haunted house is the stuff of nightmares
- 3 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 4 Watch what happened when food critics were unknowingly served McDonald's
- 5 David Beckham's Haig Club whisky is exactly what’s wrong with the Highlands
Renee Zellweger on plastic surgery rumours: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
Eleven members of same family hospitalised after eating deadly pufferfish
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Phone-hacking: The Piers Morgan connection - Mirror admits some stories during Morgan's tenure may have been obtained by illegal means
Russell Brand says he will 'probably' give up acting to focus on his revolution
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
Poppy Appeal 2014: This is why I won't be wearing a red poppy this year
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...