Salvatore Ferragamo

Armani “doesn’t rule out” merger or IPO in succession plan

by

By Bloomberg Published Apr 19, 2024 Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, the billionaire design virtuoso … Read more

Brunello Cucinelli announces the acquisition of the Sartoria Eugubina couture workshop and the construction of a new factory

by

Translated by Roberta HERRERA Published Mar 28, 2024 Brunello Cucinelli is bolstering its production capacity while honoring Italy’s esteemed textile heritage. The Italian luxury brand is acquiring Sartoria Eugubina, a renowned couture workshop specializing in high-end tailoring and made-to-measure garments, nestled in Gubbio, Umbria. Having previously served as a supplier to the luxury house, Sartoria … Read more

Ferragamo sales improve in February after weak start to year

by

By Reuters API Published Mar 6, 2024 Sales at Salvatore Ferragamo continued to weaken year-on-year in January after dragging operating profit down 44% profit in 2023, but stabilised in February, the chief executive of the Italian luxury goods group said on Wednesday. See catwalkFerragamo – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – … Read more

Shoemaker Tod’s should walk toward a sweeter offer

by

By Bloomberg Published Feb 12, 2024 Driving-shoe maker Tod’s SpA always looked like a private company, what with the Italian Della Valle family having a majority. Now it soon might be. The founding family is teaming up with L Catterton, the private equity firm backed by LVMH, to buy out the remaining shares, valuing the company at €1.42 … Read more

Ferragamo CEO warns turnaround may take longer after 2023 sales drop

by

By Reuters API Published Jan 26, 2024 Sales at Italian luxury goods group Salvatore Ferragamo dropped by 8.1% at constant currencies last year, prompting Chief Executive Marco Gobbetti to warn that hitting turnaround goals could take longer than anticipated. See catwalkFerragamo – Spring-Summer2024 – Womenswear – Italie – Milan – © Launchmetrics Revenues reached 1.16 … Read more

Salvatore Ferragamo names Pierre La Tour as group CFO

by

Translated by Nicola Mira Published Jan 23, 2024 Salvatore Ferragamo has appointed a new group CFO, Pierre La Tour. He is a highly experienced executive with an international career in the financial sector, but has never worked in the luxury industry before. Ferragamo said he will assume his new role on March 18. La Tour … Read more

Zimmermann opens second Paris boutique

by

Zimmermann has opened a second Paris boutique, moving into one of Europe’s greatest luxury thoroughfares on Faubourg St Honoré. Zimmermann Faubourg Saint Honoré – Zimmermann The latest French store of Zimmermann, Australia’s most happening runway marque, is located right opposite the British Embassy at 46 Faubourg St Honoré and the corner of rue d’Anjou. Nestled inside an elegant … Read more