Following news of a profit warning back in January, Bruno Guillon resigned after two years at the helm of the luxury handbag firm.
The warning came after retail sales fell over the Christmas trading period, and issued within mere months of Guillon’s appointment in March 2012, said results would be "substantially" below expectations. As a result, Mulberry shares fell by more than 25% and at press time haven’t substantially recovered.
Former boss Godfrey Davis, who oversaw the brand’s rapid growth between 2002 and 2012, will replace Guillon on an interim basis.
Regardless of the situation, Davis said Guillon "improved the quality of the Mulberry offering", and that he’s confident "Mulberry has the heritage, brand appeal and products to build on what has been achieved."
