All Salvatore Ferragamo articles – Page 2
-
ArticleFerragamo Q4 sales up by nearly 21%
Salvatore Ferragamo reported preliminary results that showed that fourth-quarter sales increased by 20.8 percent year-over-year to €350.2 million, thanks to a strong contribution from North America and its digital channel. At constant currency rates, revenues were up by 23.5 percent. Analysts at the broker Websim said the Italian fashion house’s ...
-
News briefs
Michele Norsa to leave Ferragamo at year end
Salvatore Ferragamo’s executive vice chairman Michele Norsa will leave on Dec. 31, 2021, ahead of the arrival of the company’s new chief executive, Marco Gobbetti, who starts on Jan. 1, 2022. Norsa was the company’s CEO from 2006 to 2016. He rejoined the company in May 2020 to help ...
-
ArticleFerragamo fails to provide full-year guidance despite better-than-expected Q3 sales
Salvatore Ferragamo posted better-than-expected third-quarter sales but declined to provide full-year estimates, citing a “volatile” market scenario. The lack of visibility prompted investors to sell the stock. Ferragamo’s shares closed at €19.13 in the Nov. 10 session, down by 4.23 percent on the previous day. The stock market retreat came ...
-
ArticleItalian luxury sector expects a rebound in U.S., European sales
Italian luxury firms are currently focusing on the Asia Pacific region but they expect a sales rebound in key markets such as Europe and the U.S. following the slump caused by the Covid-19 pandemic. An omnichannel strategy will remain a key driver to reap the benefits of the expected growth, ...
-
ArticleFerragamo hires 2 new managers
The Italian fashion company Salvatore Ferragamo has bolstered its management structure for North America and the EMEA region, with the nomination of two new managers. Daniella Vitale will join Ferragamo on Oct. 18 in the role of CEO for North America while Vincenzo Equestre has already covered the position of ...
-
News briefs
Ferragamo appoints 2 new board members
Salvatore Ferragamo’s board has appointed Frédéric Biousse and Annalisa Loustau Elia as independent directors. They replace Marinella Soldi and Micaela le Divelec Lemmi, who resigned on July 27 and Sept. 7, respectively. Biousse and Loustau Elia will remain in office until the company’s next shareholder meeting. Biousse is the co-founder ...
-
ArticleFerragamo’s strong retail showing continues after profitable H1
Salvatore Ferragamo continued to enjoy strong revenue growth in directly-operated stores (DOS) in the U.S., China, South Korea and Latin America in August compared both with the year earlier and 2019, as it unveiled a better-than-expected Ebit target for the full year on the back of a sharp improvement in ...
-
News briefs
Ferragamo board director leaves to head RAI
Salvatore Ferragamo said that Marinella Soldi, an independent non-executive board director and chairwoman of the nomination and remuneration committee, has resigned with immediate effect for professional reasons. At the time of her resignation Soldi did not hold any shares in the company. Soldi was appointed chairwoman of the Italian state ...
-
ArticleFerragamo’s retail sales return to pre-Covid levels in July
In the first half, Salvatore Ferragamo’s revenues grew by 44.1 percent year-on-year to €523.8 million, missing market expectations by about €20 million. At constant currency rates, the top line increased by 46.2 percent driven by the Americas. The top line was cut by the deconsolidation of the company’s fragrance business, ...
-
ArticleStocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
-
News briefs
Ferragamo CEO leaves with a €2m golden handshake
Micaela le Divelec Lemmi, Salvatore Ferragamo’s chief executive since 2018, will leave the company early September. The decison was made after the Italian fashion house hired Marco Gobbetti, currently chief executive of Burberry, as its general manager and CEO. He is scheduled to join Ferragamo as soon as he is ...
-
ArticleBurberry’s CEO to join Ferragamo
The Italian luxury goods group Salvatore Ferragamo has reached an agreement to hire Marco Gobbetti as its general manager and chief executive, as soon as he is released from his contractual obligations with the British luxury goods group Burberry, where he is currently CEO. Before Burberry, Gobbetti was CEO of ...
-
News briefs
Ferragamo in perfume license talks with Interparfums
Salvatore Ferragamo is in exclusive negotiations with Interparfums, a manufacturer and distributor of prestige perfumery and cosmetics, to manage the worldwide license of Ferragamo brand perfumes.
-
ArticleFerragamo’s operating margins improve sharply in Q1
In the first quarter, Salvatore Ferragamo saw revenues grow by 10.3 percent year-on-year to €244.6 million, missing market expectations by about €1 million. At constant currency rates, the top line increased by 13.0 percent driven by China, which rebounded strongly after bearing the brunt of the Covid-19 outbreak in the ...
-
News briefs
Ferragamo’s shareholders elect a new board
Salvatore Ferragamo’s shareholders elected on April 22 the new board which will be in place for the next three years. The board immediately appointed Leonardo Ferragamo as non-executive chairman. He replaces his brother Ferruccio, who held the job for 15 years. The company confirmed Michele Norsa as executive vice chairman ...
-
News briefs
Ferragamo’s creative director leaves
Salvatore Ferragamo’s creative director Paul Andrew will leave the company in May to pursue other professional opportunities. The Italian luxury goods company said that the existing in-house team will be entrusted with creation and design. “After five years, with pride and a heavy heart, I’ve decided it’s time for a ...
-
ArticleFerragamo confirms CEO staying on board
The majority shareholder in Salvatore Ferragamo has presented its slate of candidates for the Italian luxury group’s new board, with Micaela Le Divelec Lemmi confirmed as CEO despite speculation of a management shakeup. Executive deputy chairman Michele Norsa, the CEO of Ferragamo from 2006 to 2016 who rejoined the company ...
-
News briefsFerragamo enjoys strong growth in China, South Korea
In the first nine weeks of 2021, Salvatore Ferragamo said that it enjoyed a “positive performance” in the retail channel, thanks to “solid” growth in China and South Korea and an 85.6 percent increase in online sales. The update accompanied the group’s 2020 results, that showed a net loss of ...
-
ArticleFerragamo’s Q4 sales slowdown reignites concern
In the fourth quarter, Salvatore Ferragamo’s sales slowed down compared to the third quarter despite a 61.1 percent year-over-year surge in online sales and double-digit growth rates in the retail business in China and Taiwan. The weakness of the top line reignited concern about the brand’s capacity to compete against ...
-
ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
- Previous Page
- Page1
- Page2
- Page3
- Next Page
