Salvatore Ferragamo news and archive

Salvatore Ferragamo closes FY 2024 with revenues down 10.5%

The market context, characterized by a particularly difficult first part of the year, had a negative impact on the financial results of the entire year, both in terms of revenues and profitability of Salvatore Ferragamo spa. Revenues at 1,035 million euros (-10.5% compared to 1,156 million euros in the 2023 financial year, 8.2% at constant...

People|CEO Profile Featured

Marco Gobbetti: Who is the manager that transformed Burberry and Ferragamo?

The news of Marco Gobbetti's departure from Salvatore Ferragamo, a company that in 2022 recruited him, in place of Michaela le Delivec, as CEO and general manager, arrived yesterday, in the late afternoon. The manager, born in Vicenza in 1958, has an international profile and a very long experience in Italian, French and English fashion brands,...

People

Salvatore Ferragamo parts ways with CEO Marco Gobbetti

Salvatore Ferragamo has announced that Chief Executive Officer Marco Gobbetti will step down on 6 March 2025, following a mutual agreement with the company's board. This decision comes less than a year after the luxury fashion house extended Gobbetti's tenure until 2026. Gobbetti assumed leadership of the Florentine brand in January 2022,...

BusinessMember

Ferragamo's Q4 revenues decline, weakness in Asia-Pacific persists

Salvatore Ferragamo, the Italian luxury group, reported fourth-quarter revenues of 291 million euros, a decline of 4 percent. Positive performances in Europe, the U.S., Japan, and Latin America partially offset continued weakness in the Asia-Pacific region. Sales in the Asia-Pacific market dropped by 24.8 percent, with both direct-to-consumer...

BusinessFeaturedMember

Ferragamo sales decline amid weak consumer demand in Asia Pacific

In the third quarter, Salvatore Ferragamo’s revenues amounted to 221 million euros, down 7.2 percent at constant exchange and down 9.6 percent at current exchange rates penalised by a weak Asia Pacific market, secondary channel and wholesale environment. In the nine month period, revenues amounted to 744 million euros, down 9.8 percent at...

BusinessMember

Chinese giant Alibaba is courting Italian luxury houses

Chinese conglomerate Alibaba Group Holding's Lazada is eyeing Italian luxury houses such as Giorgio Armani and D&G, in a bid grow e-commerce sales to 100 billion dollars by 2030. Having premium European fashion and design brands in its portfolio would stave off other Asian competitors, reported Bloomberg. The company's executives recently...

VideoMember

Video: Ferragamo SS25

Watch Ferragamo’s runway show at Milan Fashion Week showcasing their SS25 collection. Promotion Read more about Ferragamo on their brandpage

BusinessFeaturedMember

Ferragamo posts 41 percent drop in H1 operating profit

In the second quarter, Salvatore Ferragamo’s revenues amounted to 296 million euros, down 6 percent at constant exchange and down 8.1 percent at current exchange rates, penalised by a weak Asian market and wholesale environment. In the first half period, revenues amounted to 523 million euros, down 10.9 percent at constant exchange and down 12.8...

BusinessFeaturedMember

Volatile China market impacts Salvatore Ferragamo's Q1

Salvatore Ferragamo Group’s revenues of 227 million euros were down 18.3 percent at current exchange rates and 16.6 percent at constant exchange rate. In a statement, the company attributed the negative DTC performance to January trading and a volatile consumer environment in Greater China. The wholesale channel, Ferragamo added, was penalised...

PeopleMember

Ferragamo confirms Marco Gobbetti as CEO

Marco Gobbetti will retain his position at Salvatore Ferragamo for another two-year term, until 2026. The newly elected board of directors has also confirmed Gobbetti's role as general manager and CEO, currently holding 134,766 shares in the company listed on Euronext Milan, reported Pambianco News. The company also confirmed Leonardo Ferragamo...

Culture

Salvatore Ferragamo launches podcast on the rise of fashion house

Salvatore Ferragamo is launching a new ‘Shoemaker of Dreams’ podcast series this month on the birth and rise of the Italian fashion house, following the steps of its founder. The eight-part series, produced for Museo Ferragamo by Italian podcast company Chora Media, focuses on the story of Salvatore Ferragamo, “who transformed shoes into...

BusinessFeaturedMember

Ferragamo posts drop in FY23 sales and profit

The Salvatore Ferragamo Group reported revenues of 1,156 million euros, down 7.6 percent at current exchange and down 8.1 percent at constant exchange rates for FY23. The company attributed the decline to the transition of the product offer, while continuing the optimisation of the network, against the backdrop of a softening luxury market,...