Burberry’s New Chief Gets Start Date After Contractual Wait

Burberry Group Plc finally agreed a start date for its new chief executive officer, six months after announcing it was hiring LVMH’s Marco Gobbetti to take on the role.

Gobetti will join the U.K. fashion house later this month as executive chairman of Asia Pacific and the Middle East before formally taking the reins on July 5, the London-based company said in a statement Monday.