Summary The company did not give a reason for the departure but it follows a profit warning from Mulberry.
LONDON (AFP) - British luxury handbag maker Mulberry announced the departure of its chief executive, Frenchman Bruno Guillon, with immediate effect after two years at the helm.
The company did not give a reason for the departure but it follows a profit warning from Mulberry in January following slowing sales in Britain and key market South Korea, sparking a collapse of its share price.
Mulberry said that Godfrey Davis, non-executive chairman and previously chief executive of the company, will become executive chairman until a successor is found.
"I, along with the board, would like to thank Bruno for his hard work over the past two years," Davis said in a short statement.
"He has helped improve the quality of the Mulberry offering and enabled the company to increase its international appeal and grown international retail sales. I am confident that Mulberry has the heritage, brand appeal and products to build on what has been achieved," he added.
