Salvatore Ferragamo news and archive

City of Milan and Ferragamo launch scholarship project to support local fashion talent

The project entitled 'Milan and Ferragamo for the training of young talents', a synergy between the Milan City Council's Department of Labor Policies, the Salvatore Ferragamo Group and the ETS Fashion Training System Platform has been presented in Milan. The aim of the project is to provide support for a high-level training path for four...

Fashion

Ferragamo unveils ‘new direction’ in Renaissance campaign

Italian luxury label Ferragamo has revealed “a completely new direction” for the brand via a new Renaissance campaign that reconnects it to its Florence roots. Through the use of paintings courtesy of the city’s Le Gallerie delgi Uffizi, Ferragamo looked to reference its “rebirth” while further linking to the Italian Renaissance, a period in...

Business

Salvatore Ferragamo CFO to become CEO of MinervaHub

Alessandro Corsi, the chief financial officer of Salvatore Ferragamo, will be stepping down from his role at the luxury fashion group to become chief executive officer of Italian manufacturing company MinervaHub. Set to assume the position on October 2, Corsi has been tasked with implementing the artisan industrial model of MinervaHub with an...

Business |Opinion

Ferragamo's turnaround is taking longer than expected

In March of this year, Italian luxury footwear artisan Salvatore Ferragamo publicly communicated its strides of an intricate turnaround strategy. Though the 10.8 percent contraction in its operating profit for the fiscal year 2022 was somewhat less severe than initially anticipated, the brand continues to grapple with a deceleration in sales. On...

BusinessFeatured

Salvatore Ferragamo sales and profit decline in H1

Revenues at Salvatore Ferragamo of 600 million euros were down 4.8 percent or 7.2 percent at constant exchange rates in the first half period. Gross profit increased to 72.2 percent of revenues, up 40 bps, operating profit (EBIT) of 47 million euros declined 50.8 percent, EBITDA of 134 million euros was down 25.6 percent and net profit reached...

Business

Salvatore Ferragamo CFO resigns after 19 years at company

The chief financial officer of Italian luxury brand Salvatore Ferragamo has announced his resignation after serving for over 19 years at the company. Alessandro Corsi first joined the heritage group in 2003, initially taking on the position of head of business development and e-commerce before working his way up into increasingly senior...

Business

Salvatore Ferragamo posts sales decline in Q1

For the first quarter, the Salvatore Ferragamo Group reported revenues of 278 million euros down 4 percent at current exchange and down 6.5 percent at constant exchange rates. The company’s retail distribution channel posted a decrease in first quarter net sales of 2.3 percent or 2.4 percent at constant exchange rates, mainly penalised by a...

BusinessFeatured

Salvatore Ferragamo FY revenue up 10 percent, but profits narrow

Salvatore Ferragamo has reported a drop in profit in its most recent full-year results despite a 10.2 percent increase in revenue. Net profit at the Italian luxury group came in at 65 million euros in 2022, down from 81 million euros a year earlier. That came despite group revenue increasing 10.2 percent to 1.25 billion euros. At constant...

People |OPINION Featured

Will Maximilian Davis's sophomore collection for Ferragamo deliver sales?

Maximilian Davis showed his sophomore collection for Ferragamo last week. For a young designer at just 27 years old, there is an undeniable pressure to power the revamp under chief executive Marco Gobbetti, and deliver a collection that generates sales and resonates in a crowded luxury landscape. Davis’s first collection for the Florentine house...

BusinessFeatured

Salvatore Ferragamo revenues increase as Europe shines

Italian luxury label Salvatore Ferragamo has reported a 17.2 percent increase in revenue in the first nine months of the year as strong sales in Europe offset a weak performance in China. The Florence-based brand made revenue of 921 million euros in the period, up from 785 million euros a year earlier. At constant exchange rates, revenue...

BusinessFeatured

Ferragamo H1 revenue up 20 percent, profits widen

Italian luxury label Salvatore Ferragamo has reported an increase in revenue and profit in the first half of the year despite “the enduring impact of the pandemic in China”. In the six months to June 30, revenue at the Florence-based brand came in at 630 million euros, up 20.3 percent year-over-year, or up 17 percent on a constant currency...

Fashion

Ferragamo launches recyceld sneaker

Italian fashion brand Ferragamo has launched a sustainable unisex sneaker for its autumn/winter 2022 collection, combining responsible and high-tech materials to create a “lightweight and comfortable model with a luxurious vintage look”. Image: Ferragamo The sneaker features a slim silhouette and bright colours, and uses fabric elements...