The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Former Barney’s New York chief executive Daniella Vitale will join Salvatore Ferragamo as its new CEO for North America as the Italian shoemaker seeks to reboot its management.
The brand also named a new CEO for the EMEA region, Vincenzo Equestre, who previously held senior commercial roles at L’Oreál and at LVMH’s Chaumet and Christian Dior brands.
Ferragamo is attempting to revive its business after years of falling market share as well as taking a heavy hit during the coronavirus pandemic last year. The brand recently tapped a new chief executive, Marco Gobbetti, who is set to join later this year from Burberry, as well as cutting loose its creative director Paul Andrew this spring. The house showed a transitional collection signed by its studio (led by menswear chief and design director Guillaume Meilland) during Milan Fashion Week in September.
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What Now for Burberry’s Turnaround?
CEO Marco Gobbetti is leaving for Salvatore Ferragamo with the British brand’s revival only partially successful.
The LVMH-linked firm is betting its $545 million stake in the Italian shoemaker will yield the double-digit returns private equity typically seeks.
The Coach owner’s results will provide another opportunity to stick up for its acquisition of rival Capri. And the Met Gala will do its best to ignore the TikTok ban and labour strife at Conde Nast.
The former CFDA president sat down with BoF founder and editor-in-chief Imran Amed to discuss his remarkable life and career and how big business has changed the fashion industry.
Luxury brands need a broader pricing architecture that delivers meaningful value for all customers, writes Imran Amed.