Mulberry has announced the appointment of a new chief executive as long-serving boss Thierry Andretta exits.
Thierry Andretta, who has been the boss of Mulberry since 2015, is stepping down from the board and leaving the business with immediate effect.
Andrea Baldo will take on the role of CEO at the luxury fashion house from September 1, 2024, and brings more than 20 years’ experience to the business.
Most recently chief executive at Ganni, Baldo has also held several senior roles during his career at luxury brands including Coccinelle, Diesel and Marni.
During his time as boss of Ganni, Baldo powered the business through a period of international growth via a focus on “retail network development, product innovation and a sharpening of the brand identity”.
Mulberry chair Chris Roberts said: “I am pleased to be able to announce the appointment of Andrea Baldo. Following our search process, it was clear that Andrea’s international fashion brand expertise, creativity and strategic thinking meant he was absolutely the right person for this role. I’d also like to thank Thierry for his contribution to the business.”
Baldo added: “I am thrilled to join Mulberry at such a pivotal moment and to build upon the strong sustainability credentials of this iconic luxury brand. I look forward to leading the business and its talented team into the next chapter.”
The surprise departure of Andretta comes as sales at the luxury retailer have been on the decline as a lack of consumer spending on luxury goods has taken its toll.
In its most recent trading update for the full year to March 2024, Mulberry saw a 4% dip in group revenue despite retail sales being up 0.3% and in line with the previous year.
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