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Addressing investors yesterday, Burberry's Christopher Bailey unveiled the brand's new designer.

Whilst Bailey remains CEO and chief creative officer, Luc Goidadin will take over as chief design officer.

On 15 October 2013 Bailey was named as the next CEO of Burberry following Angela Ahrendts' departure to Apple in mid-2014.

Bailey took up the role of Chief Creative and chief executive officer on .

This will allow me to remain fully involved in setting the creative direction and vision for the brand."Christopher Bailey, the creative force responsible for Burberry's aesthetic - and digital - overhaul since he started at the company in May 2001, has just landed a major new role.

But don't worry, the designer's not going anywhere.

From 1994 to 1996 he was the Womenswear Designer at Donna Karan and Senior Designer of Womenswear at Gucci in Milan from 1996 to 2001.

He joined Burberry in May 2001 as design director and became Creative Director in 2004, and Chief Creative Officer in November 2009.

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Areas of focus will include retail basics such as customer service, availability of products and in-store logistics.“Our customers feel great about the brand,” said Ms Fairweather.“We need to become a great luxury retailer.

The Yorkshire creative who has found countless ways to reinvent the heritage label's classic mac is stepping up as Chief Creative Officer at Burberry, replacing Angela Ahrendts who has left the company to join Apple as Vice President.

But Bailey won't be relinquishing his role as Chief Creative Officer (plenty of more watch-what-happens catwalk shows to come) anytime soon."I am profoundly moved and humbled to be asked to take on the CEO role at this company that means so much to me," Bailey said.

It’s a huge opportunity for us - to make sure the in-store experience is at that standard.”Mr Bailey said: “While we expect the challenging environment for the luxury sector to continue in the near term, we are firmly committed to making the changes needed to driver Burberry’s outperformance.”The efficiency programme will cut the group’s operating costs by about 10 per cent excluding fixed rent and depreciation and deliver cost savings of at least £100m by 2019.

Around £20m of savings will come through in the current year.