Murphy checks into Burberry
ONE-TIME Greencore boss turned private equity player Gerry Murphy has been named by British fashion house Burberry to take over as chairman from Sir John Peace after the company's annual shareholder meeting on July 12.
Murphy is currently chairman of Blackstone's main European entity, as well as agri-foods giant Tate & Lyle, and has served as a non-executive director at companies including British American Tobacco and Merlin Entertainments.
He is also a director of Blackstone's Jack Wolfskin, an outdoors brand that competes with Northface, that the US private equity firm has driven deeply into China. Asia, China in particular, is a huge focus for Burberry.
The fashion brand is famed for its trench coats and a trademark check. The firm recently saw the departure of Christopher Bailey, the designer-turned-CEO who spearheaded global growth, and the appointment of new CEO Marco Gobbetti.