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 goods, Swiss-made timepieces, and ready-to-wear for women and men. It is the dad or mum firm of the Ferragamo Group. The corporate licences eyewear and watches.
With about 4,000 employees and a network of over 660 mono-model shops, the Ferragamo Group runs operations in Italy and worldwide, which offer the brand with a broad footprint in Europe, America and Asia.
4 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 footwear for movie stars comparable to Joan Crawford and Gloria Swanson, as well as for movies corresponding to Cecil B. DeMille’s The Ten Commandments. He returned to Italy and set up a shoe store in Florence in 1927. However, the modern shoemaking company regards 1928 as the date of its basis and so celebrated its 80th anniversary in 2008. Salvatore filed for bankruptcy in 1933, throughout the nice Depression, however by 1938 he was ready to buy the Palazzo Spini Feroni, one in all the great palaces of Florence,[three] which now houses the company’s flagship store and a museum devoted to Ferragamo’s life and work.
The company flourished after World War II, expanding the workforce to seven-hundred craftsmen producing 350 pairs of hand-made sneakers a day.[quotation needed] After Salvatore’s dying in 1960, his widow Wanda took over the working of the business and expanded its operations to incorporate eyewear, perfume, belts, scarves,[four] luggage, watches, and a able to put on clothes line.
The company is at present owned by the Ferragamo family, which in November 2006 included Salvatore’s widow Wanda, five children, 23 grandchildren and different relations. There’s a rule that solely 3 members of the household can work at the corporate, prompting fierce competition. To ease these tensions, in September 2006, the family announced a plan to float forty eight% of the corporate on the inventory market, and since October 2006 Michele Norsa has served as managing and general director.[Four] However, as of January 2008, this plan could also be on put on hold within the midst of the downturn in the financial market. If the itemizing on the inventory market proceeds, the fund will probably 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 stock alternate.
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 directly operated stores (DOS), while the wholesale and travel retail channel included 281 third party operated stores (TPOS), as well as presence in main shops and high-finish multi-model specialty shops.
On August 2, 2016 Eraldo Poletto was appointed as new CEO of the group.
Throughout its historical past, the corporate has been recognized for progressive designs and use of materials. Such ingenuity goes again to Salvatore’s time in California, when he studied anatomy to make sneakers which were more comfortable. Notable improvements embrace the wedge heel, the shell-formed sole, the ‘invisible’ sandal, metallic 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] Metallic-bolstered stiletto heels have been made well-known by Marilyn Monroe.[Four] The corporate is also identified for the ‘Gancini’ decoration, the ‘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 labored with film stars and celebrities from his earliest days in Hollywood. Purchasers over time included Audrey Hepburn, Sophia Loren and Greta Garbo, as well as Andy Warhol, Grace Mugabe and Diana, Princess of Wales. The company made Margaret Thatcher’s famous handbags and for King Jigme Khesar Namgyal Wangchuck through 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 founding father of the company, Salvatore, died. She is at the moment Honorary Chairwoman.
– Ferruccio Ferragamo: at present Chairman of the corporate.
– Eraldo Poletto: CEO of Salvatore Ferragamo S.p.A.
– Giovanna Gentile Ferragamo: she is at present 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. Just lately Government 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 accessories division since the Seventies. She is currently Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Ladies’s and Men’s Sneakers and Leather-based goods salvatore ferragamo store in mumbai Division Director for the group
– Angelica Visconti: South Europe Director
– Diego di San Giuliano: coordinates the digital actions 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 company’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 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 [everlasting dead link]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels need to put on his crimson sneakers”, The Unbiased, London (printed 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Trend Goes Public”, Forbes (printed 2006-eleven-sixteen), 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 (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.