Mulberry appoints Andrea Baldo as CEO following sales slump and share price collapse.
Mulberry has appointed Andrea Baldo as its new CEO, following the departure of Thierry Andretta, who presided over a sales slump and a collapse in the share price. Baldo, former CEO of Danish fashion label Ganni, will take over from Andretta, who has seen Mulberry's share price fall nearly 90% since April 2015. Mulberry reported a year-on-year group revenue decline of 4% and warned that it has not been immune to the broader downturn in luxury spending.
July 09, 2024
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