Ferragamo management turmoil

The Italian luxury fashion group Salvatore Ferragamo SpA has announced the joint resignation of shoe designers Marco Cenni and Guillaume Hinfray, causing management confusion. Last month the group's creative director Natalie Gervais quit the company. Communications director Fulvio Zendrini resigned in July 2004 after only four months on the job.

Katia Choma and Olivier Amiot have been appointed to replace Cenni and Hinfray. The company, which is especially renowned for its leather goods and footwear, reported a EUR 548.2 million (GBP 388.62 million) turnover in 2004.