Mulberry announces surprise CEO change amid market headwinds

British handbag maker Mulberry on Tuesday announced an unexpected shift in its executive suite, with Andrea Baldo stepping in to replace Thierry Andretta as chief executive, effective immediately. Mulberry’s revenue fell 4 percent in its full year filing in May, as it navigates a challenging luxury landscape, particularly in China and the UK. The company has also been vocal about the UK’s tourist tax, arguing that it has negatively impacted sales of luxury goods. In a statement Mulberry said Baldo has over 20 years’ experience leading brands in the fashion...