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It's Official: Christopher Bailey Is the CEO of Burberry

Angela Ahrendts has left the building.

Nope, Angela Ahrendts didn't change her mind and decide to turn down her Apple job to keep running Burberry a little longer. Wednesday was officially her last day at the British luxury fashion brand, which means as of Thursday, May 1, Christopher Bailey has taken on the dual role of chief creative and chief executive officer of the company. Burberry confirmed the transition in a public document Thursday.

Needless to say, Bailey has big shoes to fill -- Burberry thrived and grew tremendously under Ahrendts, evolving from a tired, over-licensed British label to a brand that has come to personify both digital innovation and the best of British luxury on a global scale (not that Bailey didn't play a big part in that growth).

Ahrendts has taken her proven retail expertise to Apple, where she's the tech giant's senior vice president of retail and online stores.

Both Apple and Burberry will be companies to watch in the coming months -- especially in terms of retail expansion. We'll also be looking closely at Burberry's next runway collection for spring 2015, which Bailey will undoubtedly be a little less involved in.

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