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Ex-Burberry top executive next Ferragamo CEO

MILAN: Marco Gobbetti is stepping down as chief executive of British luxury fashion house Burberry to take up the reins at Italian peer Salvatore Ferragamo, the companies announced on Wednesday.

Expressing disappointment at Gobbetti's departure set for the end of the year, Burberry Chairman Gerry Murphy said the board respected 'his desire to return to Italy after nearly 20 years abroad.'