Mulberry CEO Guillon steps down

Second big change-up at luxury handbag brand

Mulberry has announced that its CEO, Bruno Guillon, is stepping down after two years.

Gullion, formerly of Hermés, will leave the Somerset-based luxury handbag maker immediately. Former CEO Godfrey Davis, currently non-executive chairman, will become executive chairman until a successor is found.

Gullion’s departure is just the latest shake-up at the troubled heritage brand. Last June, its creative director Emma Hill – the woman regarded by many to be instrumental in Mulberry’s resurgence – left after six years at the helm, citing ‘creative differences’. That November, it cancelled its February 2014 fashion show, and shares have slumped 67% since Guillon joined.

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We hope the brand finds stability again soon. We don't know what we'd do without its beloved bags...

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