Earlier this week, Gobbetti converted his nil cost options into Burberry shares as a vote of confidence in the company.
Retail sales dipped 2.2%, hit by the U.K., while underlying sales rose 1%.
Retail revenue climbed 1 percent on an underlying basis.
The luxury power couple is back, although it’s hard to find hot combinations of commercial and creative chiefs.
The brand’s ceo is thinking big, with plans to cement the British player in the luxury space.
Revenue in the six months to Sept. 30 was up 9% as new ceo Marco Gobbetti commits fully to luxury.
With Christopher Bailey soon exiting the British house, will ceo Marco Gobbetti stick to his word of experimenting to “create a new energy and positivity.”
The spotlight is on Gobbetti, who has taken the helm of a company in transition.
GBL had taken an initial 3 percent stake in March.
“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.
The long arm of austerity has stretched to executives’ perks and bonuses.
Bailey may have bid the financial world an emotional farewell, but it’s clear he remains committed to Burberry.