Salvatore Ferragamo S.p.A

Salvatore Ferragamo S.p.A. [salvaˈtoːre ferraˈɡaːmo] is an Italian luxury goods firm, with headquarters in Florence, specializing in footwear,[2] leather items, Swiss-made timepieces, and ready-to-put on for women and men. It is the father or mother company of the Ferragamo Group. The company licences eyewear and watches.

Ferragamo Flats Color Red Metal BuckleWith about 4,000 employees and a community of over 660 mono-brand shops, the Ferragamo Group runs operations in Italy and worldwide, which provide the brand with a broad footprint in Europe, America and Asia.

Contents

1 History
2 Innovations
3 Purchasers
four Officers and administration
5 See also
6 Notes and references
7 External hyperlinks

Historical past[edit]

Salvatore Ferragamo emigrated from southern Italy to Boston after which California in 1914. He opened the Hollywood Boot Shop in 1923, and made shoes[2] for movie stars reminiscent of Joan Crawford and Gloria Swanson, in addition to for movies equivalent to Cecil B. DeMille’s The Ten Commandments.[3] He returned to Italy and arrange a shoe store in Florence in 1927.[Four] However, the fashionable shoemaking firm regards 1928 as the date of its foundation and so celebrated its 80th anniversary in 2008.[3] Salvatore filed for bankruptcy in 1933,[citation needed] throughout the nice Depression, but by 1938 he was in a position to buy the Palazzo Spini Feroni, one among the good palaces of Florence,[3] which now homes the company’s flagship store and a museum dedicated to Ferragamo’s life and work.

The corporate flourished after World Battle II, increasing the workforce to seven-hundred craftsmen producing 350 pairs of hand-made footwear a day.[citation wanted] After Salvatore’s death in 1960, his widow Wanda took over the running of the enterprise and expanded its operations to include eyewear, perfume, belts, scarves,[four] baggage, watches, and a able to put on clothing line.

The company is presently owned by the Ferragamo household, which in November 2006 included Salvatore’s widow Wanda, 5 youngsters, 23 grandchildren and other kinfolk.[5] There is a rule that solely 3 members of the household can work at the corporate, prompting fierce competition.[5] To ease these tensions, in September 2006, the household announced a plan to float 48% of the company on the stock market, and since October 2006 Michele Norsa has served as managing and common director.[4] Nonetheless, as of January 2008, this plan may be on put on hold within the midst of the downturn within the financial market.[6] If the listing on the inventory market proceeds, the fund will probably be directed primarily towards building its positions in China.[7] The company is holding its 80th birthday exhibition in Shanghai.[Three]

In 2011 the corporate was listed on the inventory trade.[Eight]

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 directly operated stores (DOS), while the wholesale and travel retail channel included 281 third party operated shops (TPOS), as well as presence in major shops and high-end multi-brand specialty stores.[9]

On August 2, 2016 Eraldo Poletto was appointed as new CEO of the group.

Innovations[edit]

All through its history, the corporate has been known for modern designs and use of supplies. Such ingenuity goes again to Salvatore’s time in California, when he studied anatomy to make shoes which were more snug. Notable improvements embody the wedge heel, the shell-formed sole, the ‘invisiblesandal, 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.[3] Metallic-strengthened stiletto heels had been made well-known by Marilyn Monroe.[Four] The corporate is also recognized for the ‘Gancinidecoration, the ‘Varapatent ballet pump, the Salvatore bag and the usage of patchwork.[3] It makes additionally eyewear and watches in partnership with Marchon and Timex Group.

Shoppers[edit]

Salvatore worked with film stars and celebrities from his earliest days in Hollywood. Clients through the years included Audrey Hepburn, Sophia Loren and Greta Garbo,[four] in addition to Andy Warhol, Grace Mugabe and Diana, Princess of Wales.[Three] The corporate made Margaret Thatcher’s famous handbags[7] and for King Jigme Khesar Namgyal Wangchuck in the course of the coronation on November 6, 2008 in Thimpu, Bhutan.

Officers and administration[edit]

– Wanda Ferragamo Miletti: has led the group since 1960, when her husband and founder of the corporate, Salvatore, died. She is presently Honorary Chairwoman.
– Ferruccio Ferragamo: at the moment 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. Recently Government Vice President of Fondazione Ferragamo
– Massimo Ferragamo: he is 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 fashion label’s silk equipment division for the reason that Seventies. She is at the moment Deputy Chairwoman of Ferragamo Finanziaria S.p.A.
James Ferragamo: is the Ladies’s and Men’s Shoes and Leather goods 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 Women’s Footwear, Fulvio Rigoni named Design director of Women’s RTW, Guillame Meilland named Men’s RTW Design director

See also[edit]

Salvatore Ferragamo, the company’s namesake and founder

Notes and references[edit]

^ 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”. Luxurious Brand Management (second ed.). Singapore: John Wiley & Sons. p. Fifty three. 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 lifeless hyperlink]
^ a b c d e Webb, Tim (2007), “Leonardo Ferragamo: Angels wish to put on his red shoes”, The Independent, London (revealed 2007-02-04), retrieved 2008-04-20
^ a b Sherman, Lauren (2006), “When Fashion Goes Public”, Forbes (published 2006-eleven-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 (published 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.

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