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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 goods, Swiss-made timepieces, and ready-to-wear for men and women. It’s the guardian company of the Ferragamo Group. The company licences eyewear and watches.
With about 4,000 workers and a network of over 660 mono-model shops, the Ferragamo Group runs operations in Italy and worldwide, which provide the brand with a broad footprint in Europe, America and Asia.
4 Officers and management
5 See additionally
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 reminiscent of Cecil B. DeMille’s The Ten Commandments.[Three] He returned to Italy and set up a shoe store in Florence in 1927. Nevertheless, the modern shoemaking company regards 1928 because the date of its basis and so celebrated its 80th anniversary in 2008. Salvatore filed for bankruptcy in 1933,[quotation wanted] during the nice Depression, however by 1938 he was able to purchase the Palazzo Spini Feroni, one in every of the great palaces of Florence, which now homes the corporate’s flagship store and a museum dedicated 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.[citation wanted] After Salvatore’s demise in 1960, his widow Wanda took over the working of the enterprise and expanded its operations to include eyewear, perfume, belts, scarves,[four] luggage, watches, and a ready to put on clothing line.
The corporate is at the moment owned by the Ferragamo family, which in November 2006 included Salvatore’s widow Wanda, 5 kids, 23 grandchildren and other relations. There is a rule that only 3 members of the household can work at the corporate, prompting fierce competition. To ease these tensions, in September 2006, the household introduced a plan to float forty eight% of the corporate on the stock market, and since October 2006 Michele Norsa has served as managing and basic director.[Four] Nonetheless, as of January 2008, this plan may be on placed on hold within the midst of the downturn in the financial market. If the listing on the inventory market proceeds, the fund will probably be directed primarily in direction of building its positions in China. The company is holding its 80th birthday exhibition in Shanghai.
In 2011 the company was listed on the inventory change.
For the fiscal year 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 instantly operated stores (DOS), whereas the wholesale and journey retail channel included 281 third celebration operated stores (TPOS), in addition to presence in main 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 historical past, the corporate has been known for innovative designs and use of supplies. Such ingenuity goes again to Salvatore’s time in California, when he studied anatomy to make footwear which have been more snug. 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.[Three] Steel-strengthened stiletto heels had been made famous by Marilyn Monroe.[Four] The corporate can be known for the ‘Gancini’ decoration, the ‘Vara’ patent ballet pump, the Salvatore bag and the usage of 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. Clients over the years included Audrey Hepburn, Sophia Loren and Greta Garbo, as well as Andy Warhol, Grace Mugabe and Diana, Princess of Wales.[Three] The corporate made Margaret Thatcher’s well-known 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 founder of the company, Salvatore, died. She is at present Honorary Chairwoman.
– Ferruccio Ferragamo: currently 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. Just lately Govt Vice President of Fondazione Ferragamo
– Massimo Ferragamo: he is Chairman of Ferragamo USA, the Ferragamo firm that has handled the brand’s distribution in North America since Fifties.
– Fulvia Visconti Ferragamo: has run the trend label’s silk equipment division for the reason that Seventies. She is currently Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Ladies’s and Men’s Shoes and Leather items Division Director for the group
– Angelica Visconti: South Europe Director
– Diego di San Giuliano: coordinates the digital actions of the brand
– Since November 2016 a new construction 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 Women’s RTW, Guillame Meilland named Men’s RTW Design director
Salvatore Ferragamo, the company’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”. Luxurious Model 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 [permanent lifeless hyperlink]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels want to wear his crimson sneakers”, The Unbiased, London (printed 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Fashion Goes Public”, Forbes (printed 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 (printed 2008-03-29), retrieved 2008-04-20
^ “Salvatore Ferragamo – United States – Official Retailer”. www.ferragamo.com. big ferragamo belt 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.