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Salvatore Ferragamo S.p.A
Salvatore Ferragamo S.p.A. [salvaˈtoːre ferraˈɡaːmo] is an Italian luxurious goods company, with headquarters in Florence, specializing in footwear, leather goods, Swiss-made timepieces, and ready-to-put on for women and men. It is the parent firm of the Ferragamo Group. The company licences eyewear and watches.
With about four,000 workers and a community of over 660 mono-model shops, the Ferragamo Group runs operations in Italy and worldwide, which offer the brand with a broad footprint in Europe, America and Asia.
1 Historical past
four Officers and administration
5 See additionally
6 Notes and references
7 Exterior links
Salvatore Ferragamo emigrated from southern Italy to Boston and then California in 1914. He opened the Hollywood Boot Store in 1923, and made shoes for movie stars equivalent to Joan Crawford and Gloria Swanson, in addition to for movies reminiscent of Cecil B. DeMille’s The Ten Commandments.[Three] He returned to Italy and arrange a shoe shop in Florence in 1927. However, the modern shoemaking company regards 1928 as the date of its foundation and so celebrated its 80th anniversary in 2008. Salvatore filed for bankruptcy in 1933,[citation wanted] during the nice Depression, however by 1938 he was able to purchase the Palazzo Spini Feroni, one of the great palaces of Florence, which now homes the corporate’s flagship store and a museum devoted to Ferragamo’s life and work.
The company flourished after World Battle II, expanding the workforce to seven-hundred craftsmen producing 350 pairs of hand-made footwear a day.[quotation needed] After Salvatore’s dying in 1960, his widow Wanda took over the operating of the enterprise and expanded its operations to include eyewear, perfume, belts, scarves, luggage, watches, and a able to put on clothes line.
The corporate is presently owned by the Ferragamo household, which in November 2006 included Salvatore’s widow Wanda, 5 children, 23 grandchildren and other relatives. There’s a rule that solely three members of the family can work at the corporate, prompting fierce competition. 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 general director.[Four] Nonetheless, as of January 2008, this plan may be on put on hold in the midst of the downturn within the monetary market. If the listing on the stock market proceeds, the fund might be directed primarily in the direction of constructing its positions in China. The corporate is holding its 80th birthday exhibition in Shanghai.[Three]
In 2011 the company was listed on the stock trade.
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 directly operated stores (DOS), while the wholesale and journey retail channel included 281 third social gathering operated stores (TPOS), in addition to presence in main department stores and excessive-finish multi-brand 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 progressive designs and use of materials. Such ingenuity goes again to Salvatore’s time in California, when he studied anatomy to make footwear which had been more snug. Notable improvements embody the wedge heel, the shell-formed sole, the ‘invisible’ sandal, metallic 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. Steel-reinforced stiletto heels had been made well-known by Marilyn Monroe. The company can be identified for the ‘Gancini’ decoration, the ‘Vara’ patent ballet pump, the Salvatore bag and the use of patchwork. 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] as well as Andy Warhol, Grace Mugabe and Diana, Princess of Wales.[Three] The corporate made Margaret Thatcher’s famous handbags and for King Jigme Khesar Namgyal Wangchuck in the course of 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 founding father of the company, Salvatore, died. She is at the moment Honorary Chairwoman.
– Ferruccio Ferragamo: at present Chairman of the corporate.
– 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 firm. Recently 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.
– Fulvia Visconti Ferragamo: has run the trend label’s silk equipment division for the reason that Seventies. She is at present Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Women’s and Males’s Footwear and Leather goods 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 inventive departements of the group with the entrance of Paul Andrew named Design Director of Women’s Footwear, Fulvio Rigoni named Design director of Ladies’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). “3”. Luxury Model Management (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 ferragamo black and white shoes need to put on his pink footwear”, The Impartial, London (published 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Trend Goes Public”, Forbes (printed 2006-11-16), retrieved 2008-04-20
^ Finch, Julia (2008), “Tommy Hilfiger halts flotation”, The Guardian, London (published 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 Store”. 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.