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Salvatore Ferragamo CEO Gobbetti to Exit Luxury Brand Early
- Former Burberry chief to leave Ferragamo by mutal agreement
- Italian fashion label has been struggling to turn around
Marco Gobbetti
Photographer: Dave Benett/Getty ImagesSalvatore Ferragamo SpA said Chief Executive Officer Marco Gobbetti is leaving almost two years before his contract expires, as the Italian maker of footwear and leather goods struggles to pull itself out of a sales slump.
Gobbetti’s departure, which is effective March 6, was by mutual agreement between the Italian executive and the company, Ferragamo said in a statement. The company said it’s immediately starting a search for his replacement.