Salvatore Ferragamo S.p.A
Salvatore Ferragamo S.p.A. [salvaˈtoːre ferraˈɡaːmo] is an Italian luxurious goods company, with headquarters in Florence, specializing in shoes, leather-based items, Swiss-made timepieces, and prepared-to-put on for men and women. It is the parent company of the Ferragamo Group. The corporate licences eyewear and watches.
With about 4,000 staff and a network of over 660 mono-brand 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
4 Officers and management
5 See additionally
6 Notes and references
7 Exterior 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 reminiscent of Joan Crawford and Gloria Swanson, in addition to for movies akin to Cecil B. DeMille’s The Ten Commandments. He returned to Italy and set up a shoe shop in Florence in 1927. Nevertheless, the fashionable shoemaking firm regards 1928 as the date of its foundation and so celebrated its 80th anniversary in 2008.[Three] Salvatore filed for bankruptcy in 1933,[citation wanted] throughout the nice Depression, however by 1938 he was able to buy the Palazzo Spini Feroni, certainly one of the great palaces of Florence, which now houses the company’s flagship retailer and a museum devoted to Ferragamo’s life and work.
The corporate flourished after World Warfare II, increasing the workforce to 700 craftsmen producing 350 pairs of hand-made footwear a day. After Salvatore’s death in 1960, his widow Wanda took over the working of the enterprise and expanded its operations to incorporate eyewear, perfume, belts, scarves,[four] luggage, watches, and a able to put on clothes line.
The company is presently owned by the Ferragamo household, which in November 2006 included Salvatore’s widow Wanda, 5 children, 23 grandchildren and other kin. There is a rule that solely three members of the household can work at the company, prompting fierce competition. To ease these tensions, in September 2006, the family introduced a plan to float forty eight% of the company on the inventory market, and since October 2006 Michele Norsa has served as managing and common director.[Four] Nonetheless, as of January 2008, this plan could also be on put on hold in the midst of the downturn within the financial market. If the listing on the stock market proceeds, the fund will likely 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 12 months 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 party operated stores (TPOS), in addition to presence in main shops and high-finish multi-model specialty stores.
On August 2, 2016 Eraldo Poletto was appointed as new CEO of the group.
Throughout its history, the company has been recognized for progressive designs and use of supplies. Such ingenuity goes again to Salvatore’s time in California, when he studied anatomy to make shoes which were extra comfortable. Notable innovations embrace 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.[Three] Steel-strengthened stiletto heels were made well-known by Marilyn Monroe. The company can also be identified for the ‘Gancini’ decoration, the how can you tell if a ferragamo belt is real ‘Vara’ patent ballet pump, the Salvatore bag and the usage of patchwork.[Three] It makes additionally eyewear and watches in partnership with Marchon and Timex Group.
Salvatore worked with film stars and celebrities from his earliest days in Hollywood. Clients over the years included Audrey Hepburn, Sophia Loren and Greta Garbo, in addition to Andy Warhol, Grace Mugabe and Diana, Princess of Wales.[Three] The corporate made Margaret Thatcher’s well-known handbags and for King Jigme Khesar Namgyal Wangchuck during the coronation on November 6, 2008 in Thimpu, Bhutan.
Officers and administration
– Wanda Ferragamo Miletti: has led the group since 1960, when her how can you tell if a ferragamo belt is real husband and founder of the company, Salvatore, died. She is at the moment Honorary Chairwoman.
– Ferruccio Ferragamo: at the moment Chairman of the corporate.
– 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 company. Just lately Govt Vice President of Fondazione Ferragamo
– Massimo Ferragamo: he’s Chairman of Ferragamo USA, the Ferragamo firm that has dealt with the brand’s distribution in North America since Fifties.
– Fulvia Visconti Ferragamo: has run the style label’s silk equipment division since the Seventies. She is currently Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Girls’s and Males’s Footwear and Leather items Division Director for the group
– Angelica Visconti: South Europe Director
– Diego di San Giuliano: coordinates the digital activities of the brand
– Since November 2016 a new construction of the artistic departements of the group with the entrance of Paul Andrew named Design Director of Women’s Footwear, Fulvio Rigoni named Design director of Women’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). “Three”. Luxurious Model 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 [everlasting dead link]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels wish to wear his red footwear”, The Independent, London (revealed 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Trend Goes Public”, Forbes (printed 2006-eleven-16), retrieved 2008-04-20
^ Finch, Julia (2008), “Tommy Hilfiger halts flotation”, The Guardian, London (published 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 percent in FY14”. FashionUnited. Retrieved June 18, 2015.