Salvatore Ferragamo S.p.A
Salvatore Ferragamo S.p.A. [salvaˈtoːre ferraˈɡaːmo] is an Italian luxury items company, with headquarters in Florence, specializing in footwear, leather-based items, Swiss-made timepieces, and ready-to-put on for women and men. It is the mum or dad firm of the Ferragamo Group. The company licences eyewear and watches.
With about 4,000 workers and a network of over 660 mono-model shops, the Ferragamo Group runs operations in Italy and worldwide, which give the brand with a broad footprint in Europe, America and Asia.
1 Historical past
4 Officers and administration
5 See also
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 Store in 1923, and made sneakers for film stars akin to Joan Crawford and Gloria Swanson, as well as for movies resembling Cecil B. DeMille’s The Ten Commandments.[Three] He returned to Italy and arrange a shoe store in Florence in 1927.[Four] However, the modern shoemaking firm regards 1928 because the date of its basis and so celebrated its 80th anniversary in 2008.[Three] Salvatore filed for bankruptcy in 1933,[citation wanted] during the great Depression, however by 1938 he was able to purchase the Palazzo Spini Feroni, one of the nice palaces of Florence, which now homes the company’s flagship retailer and a museum devoted to Ferragamo’s life and work.
The corporate flourished after World War II, expanding the workforce to seven hundred craftsmen producing 350 pairs of hand-made sneakers a day. After Salvatore’s demise in 1960, his widow Wanda took over the running of the enterprise and expanded its operations to include eyewear, perfume, belts, scarves, bags, watches, and a ready to wear clothes line.
The corporate is at present owned by the Ferragamo family, which in November 2006 included Salvatore’s widow Wanda, 5 youngsters, 23 grandchildren and other kinfolk. There’s a rule that solely 3 members of the household can work at the corporate, prompting fierce competitors. To ease these tensions, in September 2006, the household 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 common director.[Four] However, as of January 2008, this plan may be on put on hold in the midst of the downturn within the financial market. If the itemizing on the stock market proceeds, the fund will likely be directed primarily towards constructing its positions in China. The company is holding its 80th birthday exhibition in Shanghai.[Three]
In 2011 the corporate was listed on the inventory trade.
For the fiscal yr 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 immediately operated shops (DOS), while the wholesale and travel retail channel included 281 third celebration operated stores (TPOS), in addition to presence in major department stores and high-end multi-model specialty stores.
On August 2, 2016 Eraldo Poletto was appointed as new CEO of the group.
Throughout its historical past, the corporate has real ferragamo belts for cheap 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 sneakers which were extra snug. Notable improvements include the wedge heel, the shell-formed sole, the ‘invisible’ sandal, metal 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. Metallic-reinforced stiletto heels had been made famous by Marilyn Monroe. The company is also known for the ‘Gancini’ decoration, the ‘Vara’ patent ballet pump, the Salvatore bag and using patchwork. It makes additionally eyewear and watches in partnership with Marchon and Timex Group.
Salvatore labored with movie stars and celebrities from his earliest days in Hollywood. Purchasers through the years included Audrey Hepburn, Sophia Loren and Greta Garbo,[four] as well as Andy Warhol, Grace Mugabe and Diana, Princess of Wales.[Three] 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 management
– Wanda Ferragamo Miletti: has led the group since 1960, when her husband and founder of the company, Salvatore, died. She is at present Honorary Chairwoman.
– Ferruccio Ferragamo: presently Chairman of the corporate.
– Eraldo Poletto: CEO of Salvatore Ferragamo S.p.A.
– Giovanna Gentile Ferragamo: she is currently 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. Recently Executive 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 accessories division because the Seventies. She is at the moment Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Ladies’s and Men’s Footwear and Leather-based items 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 inventive 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). “Three”. Luxury Brand Management (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 lifeless link]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels want to put on his purple shoes”, The Independent, London (revealed 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Vogue Goes Public”, Forbes (published 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 (printed 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 p.c in FY14″. FashionUnited. Retrieved June 18, 2015.