Salvatore Ferragamo S.p.A
Salvatore Ferragamo S.p.A. [salvaˈtoːre ferraˈɡaːmo] is an Italian luxury items firm, with headquarters in Florence, specializing in sneakers, leather items, Swiss-made timepieces, and ready-to-wear for women and men. It is the parent firm of the Ferragamo Group. The corporate licences eyewear and watches.
With about four,000 staff and a network of over 660 mono-model stores, the Ferragamo Group runs operations in Italy and worldwide, which give the model with a broad footprint in Europe, America and Asia.
1 Historical past
four Officers and administration
5 See also
6 Notes and references
7 External links
Salvatore Ferragamo emigrated from southern Italy to Boston and then California in 1914. He opened the Hollywood Boot Shop in 1923, and made shoes for movie stars akin to Joan Crawford and Gloria Swanson, as well as for movies akin to Cecil B. DeMille’s The Ten Commandments. He returned to Italy and arrange a shoe store in Florence in 1927.[Four] Nonetheless, the modern shoemaking firm regards 1928 as the date of its basis and so celebrated its 80th anniversary in 2008.[Three] Salvatore filed for bankruptcy in 1933,[quotation wanted] during the nice Depression, however by 1938 he was ready to purchase the Palazzo Spini Feroni, one of the nice palaces of Florence, which now homes the corporate’s flagship retailer and a museum dedicated to Ferragamo’s life and work.
The corporate flourished after World Warfare II, increasing the workforce to seven-hundred craftsmen producing 350 pairs of hand-made shoes a day.[citation wanted] After Salvatore’s dying in 1960, his widow Wanda took over the operating of the enterprise and expanded its operations to incorporate eyewear, perfume, belts, scarves, luggage, watches, and a ready to wear clothes line.
The corporate is presently owned by the Ferragamo household, which in November 2006 included Salvatore’s widow Wanda, five youngsters, 23 grandchildren and other kinfolk. There’s a rule that only 3 members of the household can work at the company, prompting fierce competitors. To ease these tensions, in September 2006, the family introduced a plan to float forty eight% of the corporate on the inventory market, and since October 2006 Michele Norsa has served as managing and normal director. Nevertheless, as of January 2008, this plan could also be on placed on hold in the midst of the downturn within the financial market. If the itemizing on the stock market proceeds, the fund shall be directed primarily in direction of constructing its positions in China. The company is holding its 80th birthday exhibition in Shanghai.[Three]
In 2011 the company was listed on the inventory exchange.
For the fiscal year 2016, Salvatore Ferragamo reported preliminary consolidated revenues of 1,438 million euros. As of December 31, 2016, the Salvatore Ferragamo Group’s retail community consisted of 402 instantly operated shops (DOS), while the wholesale and journey retail channel included 281 third social gathering operated shops (TPOS), in addition to presence in major malls and excessive-finish multi-model specialty stores.
On August 2, 2016 Eraldo Poletto was appointed as new CEO of the group.
Throughout its historical past, the company has been recognized for innovative designs and use of materials. Such ingenuity goes again to Salvatore’s time in California, when he studied anatomy to make shoes which had been more comfy. Notable improvements embody the wedge heel, the shell-shaped sole, the ‘invisible’ sandal, steel heels and soles, the 18-carat gold sandal, the sock-shoe, sculpture heels, and the gloved arch shoe created for the Maharani of Cooch Behar in 1938. Steel-bolstered stiletto heels were made well-known by Marilyn Monroe.[Four] The corporate can also be recognized for the ‘Gancini’ decoration, the ‘Vara’ patent ballet pump, the Salvatore bag and the use of patchwork.[Three] It makes also eyewear and watches in partnership with Marchon and Timex Group.
Salvatore worked with film stars and celebrities from his earliest days in Hollywood. Shoppers over time included Audrey Hepburn, Sophia Loren and Greta Garbo,[four] in addition to Andy Warhol, Grace Mugabe and Diana, Princess of Wales. The company made Margaret Thatcher’s famous handbags and for King Jigme Khesar Namgyal Wangchuck in the course of the coronation on November 6, 2008 in Thimpu, Bhutan.
Officers and administration
– Wanda Ferragamo Miletti: has led the group since 1960, when her husband and founding father of the company, Salvatore, died. She is presently Honorary Chairwoman.
– Ferruccio Ferragamo: at present Chairman of the company.
– Eraldo Poletto: CEO of Salvatore Ferragamo S.p.A.
– Giovanna Gentile Ferragamo: she is presently Vice President of Salvatore Ferragamo S.p.A.
– Leonardo Ferragamo: since 2000, he has served as CEO of Palazzo Feroni Finanziaria S.p.A, the family’s holding firm. Recently Govt Vice President of Fondazione Ferragamo
– Massimo Ferragamo: he’s Chairman of Ferragamo USA, the Ferragamo firm that has handled the brand’s distribution in North America since Fifties.
– Fulvia Visconti Ferragamo: has run the trend label’s silk equipment division because the Seventies. She is at present Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Ladies’s and Men’s Sneakers and Leather-based goods Division Director for the group
– Angelica Visconti: South Europe Director
– Diego di San Giuliano: coordinates the digital activities of the model
– Since November 2016 a new construction of the creative departements of the group with the entrance of Paul Andrew named Design Director of Ladies’s Footwear, Fulvio Rigoni named Design director of Ladies’s RTW, Guillame Meilland named Males’s RTW Design director
Salvatore Ferragamo, the corporate’s namesake and founder
Notes and references
^ http://group.ferragamo.com/wps/wcm/join/736a79e3-6db0-44c5-bfa0-18a8d7857e2b/Annual+Report+as+at+31+December+2015.pdf MOD=AJPERES&CACHEID=736a79e3-6db0-44c5-bfa0-18a8d7857e2b
^ a b Chevalier, Michel; Gerald Mazzalovo (2012). ferragamo patent leather bow flats “Three”. Luxurious Brand Administration (second ed.). Singapore: John Wiley & Sons. p. 53. ISBN 978-1-118-17176-9. OCLC 909366849.
^ a b c d e f g Salvatore Ferragamo celebrates its 80th Anniversary in Shanghai (PDF), Salvatore Ferragamo Italia SpA, retrieved 2008-04-20 [permanent useless link]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels need to put on his crimson shoes”, The Impartial, London (published 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Vogue Goes Public”, Forbes (printed 2006-11-16), retrieved 2008-04-20
^ Finch, Julia (2008), “Tommy Hilfiger halts flotation”, The Guardian, London (printed 2008-01-25), retrieved 2008-04-20
^ a b Cartner-Morley, Jess (2008), written at Shanghai, “From Florence to Shanghai, Ferragamo eyes a makeover”, The Guardian, London (revealed 2008-03-29), retrieved 2008-04-20
^ “Salvatore Ferragamo – United States – Official Retailer”. www.ferragamo.com. Retrieved 2017-01-17.
^ Singh, Prachi (January 30, 2015). “Salvatore Ferragamo revenues rise of 5.9 % in FY14″. FashionUnited. Retrieved June 18, 2015.