Christopher Bailey, who fashioned British trench coat maker Burberry into a global label, will step down next March. Laura Frykberg reports.
Christopher Bailey takes a bow at Burberry. After sixteen years at the British fashion firm. The 46-year-old is to bid it farewell next year. Bailey helped turn Burberry into a global brand. Worth about 8 billion pounds. Along with former CEO Angela Ahrendts He fashioned the camel, red and black trench coat... Into a wardrobe staple. (SOUNDBITE) (English) BURBERRY CHIEF CREATIVE OFFICER, CHRISTOPHER BAILEY, SAYING; "We've got an incredible heritage, and incredible history, lots of that has become part of classic fashion." The designer turned his hand to CEO of Burberry in 2014, earlier this year he was replaced by Marco Gobbetti..As luxury shopping went off trend in Asia. But maintained creative control... Burberry says Bailey is moving on to pursue other projects. From March he'll be leaving the firm's board too. a final curtain call that will see him give up reportedly 16 million pounds worth of shares.