Retail and luxury stocks were also down.
Some think the pound could reach parity — or dip below — one euro by early next year.
The spotlight is on Gobbetti, who has taken the helm of a company in transition.
The first half saw a flurry of major and minor M&A activity, designer dramas — and disappointments.
The options were from a share tranche that Burberry’s Christopher Bailey received in 2013.
GBL had taken an initial 3 percent stake in March.
The appointment comes as Sir Philip Green shakes up the management ranks at Arcadia and its parent Taveta.
“The dialogue is constant,” said Gobbetti of his rapport with Christopher Bailey.
The best-selling Burberry bag in Q1 was the rucksack.
Retail revenue, the bulk of the company’s business, grew 3% at actual rates, in line with forecasts.
A Burberry spokesman has confirmed the former Brioni ceo will join the company.