Salvatore Ferragamo S.p.A
Salvatore Ferragamo S.p.A. [salvaˈtoːre ferraˈɡaːmo] is an Italian luxury goods company, with headquarters in Florence, specializing in sneakers, leather items, Swiss-made timepieces, and ready-to-put on for women and men. It’s the mother or father firm of the Ferragamo Group. The corporate licences eyewear and watches.
With about four,000 staff and a community of over 660 mono-model stores, the Ferragamo Group runs operations in Italy and worldwide, which provide 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 hyperlinks
Salvatore Ferragamo emigrated from southern Italy to Boston after which 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 comparable to Cecil B. DeMille’s The Ten Commandments. He returned to Italy and set up a shoe store in Florence in 1927.[Four] 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 great Depression, however by 1938 he was ready to purchase the Palazzo Spini Feroni, one in all the good palaces of Florence,[three] which now houses the company’s flagship store 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 working of the business and expanded its operations to incorporate eyewear, perfume, belts, scarves,[four] luggage, watches, and a able to wear 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 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 family announced a plan to float forty eight% of the company on the inventory market, and since October 2006 Michele Norsa has served as managing and general director.[Four] Nonetheless, as of January 2008, this plan could also be on put on hold in the midst of the downturn in the financial market. If the itemizing on the stock market proceeds, the fund will be directed primarily towards 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 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 straight operated stores (DOS), while the wholesale and travel retail channel included 281 third party operated stores (TPOS), as well as presence in major department shops and high-end multi-model specialty stores.
On August 2, 2016 Eraldo Poletto was appointed as new CEO of the group.
All through its history, the company has been known for innovative designs and use of materials. Such ingenuity goes again to Salvatore’s time in California, when he studied anatomy to make sneakers which have been extra snug. Notable improvements include 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] Metal-strengthened stiletto heels were made famous by Marilyn Monroe.[Four] The company is also identified 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 movie stars and celebrities from his earliest days in Hollywood. Shoppers through the years included Audrey Hepburn, Sophia Loren and Greta Garbo,[four] 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 salvatore ferragamo wallet shop Namgyal Wangchuck throughout 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 corporate, Salvatore, died. She is currently Honorary Chairwoman.
– Ferruccio Ferragamo: presently Chairman of the company.
– 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. Not too long ago Govt Vice President of Fondazione Ferragamo
– Massimo Ferragamo: he is Chairman of Ferragamo USA, the Ferragamo company that has handled the brand’s distribution in North America since Fifties.
– Fulvia Visconti Ferragamo: has run the vogue label’s silk equipment division since the Seventies. She is at the moment Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Ladies’s and Males’s Shoes and Leather-based items 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 brand new structure of the artistic departements of the group with the entrance of Paul Andrew named Design Director of Girls’s Footwear, Fulvio Rigoni named Design director of Girls’s RTW, Guillame Meilland named Men’s RTW Design director
Salvatore Ferragamo, the corporate’s namesake and founder
Notes and references
^ http://group.ferragamo.com/wps/wcm/connect/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 Administration (second ed.). Singapore: John Wiley & Sons. p. Fifty three. 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 hyperlink]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels wish to wear his pink shoes”, The Independent, London (published 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Vogue Goes Public”, Forbes (revealed 2006-11-sixteen), retrieved 2008-04-20
^ Finch, Julia (2008), “Tommy Hilfiger halts flotation”, The Guardian, London (revealed 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 (published 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.