Tesla Q4 Earnings Beat Expectations as Company Accelerates Shift Toward AI and Robotics 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Samsung Electronics Posts Record Q4 2025 Profit as AI Chip Demand Soars 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
Google Disrupts Major Residential Proxy Network IPIDEA 
ASML’s EUV Lithography Machines Power Europe’s Most Valuable Tech Company 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Woodside Energy Flags Lower 2026 Production Outlook Despite Strong Q4 Revenue Beat 
Starmer’s China Visit Signals New Era in UK–China Economic Relations 
Puma’s Historic Rivalry With Adidas Enters a New Era as Anta Deal Signals Turnaround Push 
Burberry’s chief executive officer, Marco Gobbetti, has resigned and will be moving back to Italy to lead the company’s fashion business rival, Ferragamo. His exit from the British luxury fashion brand comes as the company is said to be undergoing a revamp.
Gobbetti’s resignation
Reuters reported that Gobbetti was credited for Burberry’s increase in market value. Under his leadership, he was able to boost the number by a third after taking the brand further upmarket.
Now, since he has done a lot to bring the label up, it was said that there are concerns that his resignation will undo some of the progress he made for the company.
In fact, it was said that after his departure from Burberry was announced, shares of the company plummeted by as much as 10% in early trade. On the other hand, shares in the company where he will move to, which is Ferragamo, saw an increase by 2.3% in Milan.
The executives at Burberry admitted that they were disappointed with Marco Gobbetti’s resignation, but they respect his decision to leave. The company's chairman, Gerry Murphy, said in a statement, "The board and I are naturally disappointed by Marco's decision, but we understand and fully respect his desire to return to Italy after nearly 20 years abroad."
As for Gobbetti, he said he thinks this is the right time to go back to Italy. He added that he thinks he can step down now because Burberry is now on the right track. "With Burberry re-energised and firmly set on a path to strong growth, I feel that now is the right time for me to step down," he shared.
Burberry shares plummet with Gobbett’s departure
As Gobbetti moves to lead Salvatore Ferragamo in his home country, Burberry’s shares have decreased. As per CNN Business, this just shows that many want him to stay and continue directing Burberry to success, but he has made a decision now and chose to work on another brand that has been considered as Burberry’s rival.
Finally, it was added that Gobbetti made the decision because he wants to stay close to his family now. In any case, prior to helming Burberry, he has worked for LVMHF for 13 years as its CEO of Celine and Givenchy and Celine.
