Salvatore Ferragamo plans to go public in 2008 at the earlier, in order to finance an ambitious expansion plan that is expected to be announced by the company’s new chief executive, Michele Norsa, at end of this month. The Italian luxury house, which reported that its sales increased by 10 percent in 2006 to €631 million, is planning to open 20 to 30 stores this year. The majority of these openings are scheduled for the USA and China, where the company made 10 percent of its sales last year. Footwear represents 40 percent of the turnover of Ferragamo, which celebrates its 80th anniversary in 2007. Meanwhile, Ferragamo has a signed a 2-year co-branding agreement with Maserati to develop a luxurious set of «ultra-rational» luggage.