Burberry shares slump as CEO leaving to take top job at Ferragamo

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Shares of U.K. luxury goods group Burberry
BRBY,
-7.73%
slumped 4% after Marco Gobbetti said he would be leaving the company at the end of the year to take the same role at leather goods maker Salvatore Ferragamo
SFER,
+2.33%
in his native Italy. Burberry said it has begun a search for his successor.

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