Burberry Designer Bailey Starts in CEO Role as Ahrendts Departs

Burberry Group said Christopher Bailey started as chief executive officer after Angela Ahrendts formally departed the U.K. luxury-goods maker. Bailey, who retains his job as chief creative officer, had been named to the CEO role on Oct. 15. He succeeds Ahrendts, whose resignation became effective yesterday. Bailey, 42, has a tough act to follow. Under Ahrendts, who led Burberry for almost eight years, sales more than doubled and the shares gained more than threefold. Ahrendts left to run retail operations at Apple.