Salvatore Ferragamo S.p.A
Salvatore Ferragamo S.p.A. [salvaˈtoːre ferraˈɡaːmo] is an Italian luxurious items firm, with headquarters in Florence, specializing in footwear, leather-based items, Swiss-made timepieces, and prepared-to-put on for men and women. It’s the parent company of the Ferragamo Group. The company licences eyewear and watches.
With about 4,000 employees and a network of over 660 mono-brand 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 management
5 See also
6 Notes and references
7 External hyperlinks
Salvatore Ferragamo emigrated from southern Italy to Boston and then California in 1914. He opened the Hollywood Boot Store in 1923, and made footwear for film stars such as Joan Crawford and Gloria Swanson, in addition to for movies comparable to Cecil B. DeMille’s The Ten Commandments.[Three] He returned to Italy and set up a shoe store in Florence in 1927. Nevertheless, the trendy shoemaking firm regards 1928 because the date of its foundation and so celebrated its 80th anniversary in 2008.[Three] Salvatore filed for bankruptcy in 1933,[citation wanted] throughout the good Depression, however by 1938 he was ready to purchase the Palazzo Spini Feroni, one among the good palaces of Florence, which now houses the company’s flagship store and a museum dedicated 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. 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 put on clothes line.
The company is at present owned by the Ferragamo family, which in November 2006 included Salvatore’s widow Wanda, 5 kids, 23 grandchildren and other kinfolk. There’s a rule that only three members of the household can work at the corporate, prompting fierce competitors. To ease these tensions, in September 2006, the family introduced a plan to float 48% of the corporate on the inventory market, and since October 2006 Michele Norsa has served as managing and normal director.[Four] However, 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 listing on the stock market proceeds, the fund will be directed primarily towards constructing its positions in China. The corporate is holding its 80th birthday exhibition in Shanghai.[Three]
In 2011 the corporate was listed on the stock trade.
For the fiscal 12 months 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 shops (DOS), while the wholesale and journey retail channel included 281 third social gathering operated shops (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 history, the company has been known for modern designs and use of materials. Such ingenuity goes back to Salvatore’s time in California, when he studied anatomy to make sneakers which had been extra comfortable. Notable innovations embody 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. Metal-strengthened stiletto heels were made well-known by Marilyn Monroe. The company can also be recognized for the ‘Gancini’ decoration, the ‘Vara’ patent ballet pump, the Salvatore bag and using patchwork.[Three] It makes also eyewear and watches in partnership with Marchon and Timex Group.
Salvatore labored with film stars and celebrities from his earliest days in Hollywood. Shoppers over time included Audrey Hepburn, Sophia Loren and Greta Garbo,[four] in addition to Andy Warhol, Grace Mugabe and Diana, Princess of Wales. The corporate made Margaret Thatcher’s famous handbags and for King Jigme Khesar 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 company, Salvatore, died. She is at the moment Honorary Chairwoman.
– Ferruccio Ferragamo: presently Chairman of the company.
– Eraldo Poletto: CEO of Salvatore Ferragamo S.p.A.
– Giovanna Gentile Ferragamo: she is presently 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’s Chairman of Ferragamo USA, the Ferragamo company that has handled the brand’s distribution in North America since Fifties. When you loved this post and you would want to receive details relating to Luxottica kindly visit our web page.
– Fulvia Visconti Ferragamo: has run the fashion label’s silk accessories division since the Seventies. She is presently Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Women’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 structure of the creative departements of the group with the entrance of Paul Andrew named Design Director of salvatore ferragamo watch men Ladies’s Footwear, Fulvio Rigoni named Design director of Women’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”. 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 useless link]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels wish to put on his red sneakers”, The Unbiased, London (revealed 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Style Goes Public”, Forbes (published 2006-eleven-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 salvatore ferragamo watch men at Shanghai, “From Florence to Shanghai, Ferragamo eyes a makeover”, The Guardian, London (revealed 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 percent in FY14”. FashionUnited. Retrieved June 18, 2015.