Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Ferruccio Ferragamo
For Luxury Brands, the Latest Battle Is for Local Customers
In the third quarter, Gucci underperformed LVMH’s fashion and leather goods division as well as Kering stablemates like Saint Laurent, underscoring the growing importance of local customers in the age of Covid-19.
Ferragamo Family Explores Selling Minority Stake of Business
The company's chairman Ferruccio Ferragamo approached investors in September offering a roughly 20 percent stake in the holding vehicle that controls the Milan-listed business, according to sources.
Workplace & Talent
Power Moves | Ferragamo Names Executive Deputy Chairman, Louis Vuitton Appoints Director of Women’s Fashion Leather Goods
This week, Michele Norsa returns to Ferragamo as executive deputy board chairman after exiting in 2016, while Louis Vuitton hires former Mulberry designer Johnny Coca to lead its women’s leather goods division.
Power Moves | Ferragamo Names Executive Deputy Chairman, Louis Vuitton Appoints Director of Women’s Fashion Leather Goods
This week, Michele Norsa returns to Ferragamo as executive deputy board chairman after exiting in 2016, while Louis Vuitton hires former Mulberry designer Johnny Coca to lead its women’s leather goods division.
Ferragamo Brings Back Former Chief Executive to Help Post-Pandemic
Michele Norsa has returned to serve as executive deputy board chairman.
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
Kering’s Shopping List Should Include These Brands
To continue to create shareholder value, the French luxury group may need to make at least one major acquisition.
Ferragamo Chairman Rules Out Sale of Iconic Brand
'I’m in love with this company and it’s not for sale,' Ferruccio Ferragamo said Saturday.
Workplace & Talent
We Are Ferragamo
Salvatore Ferragamo has a 90-year heritage of innovation — starting in Old Hollywood when its eponymous founder designed shoes for icons of the silver screen. Now, in partnership with the brand, BoF goes inside the billion dollar craft based business to discover the secret to its success.
We Are Ferragamo
Salvatore Ferragamo has a 90-year heritage of innovation — starting in Old Hollywood when its eponymous founder designed shoes for icons of the silver screen. Now, in partnership with the brand, BoF goes inside the billion dollar craft based business to discover the secret to its success.
Ferragamo Appoints New Marketing Head Amid Management Restructuring
It has appointed former fashion magazine journalist Riccardo Vannetti as its new chief marketing officer as the group pushes ahead with a management facelift.
Ferragamo Chief Executive Says He Still Has Work to Do
The Florence-based group, which issued a profit warning in December, has been battling falling sales and profitability, partly due to a clean-up of inventories.
A Wake-Up Call for Ferragamo
Salvatore Ferragamo was once the world’s buzziest luxury shoemaker, but the storied ‘sleeping beauty’ is having trouble coming back to life.
Ferragamo Chairman Hopes New CEO Will Come From Within Company
Ferragamo took temporary charge after CEO Eraldo Poletto stepped down in March and said he intended to hold the reins for as short a period as possible.
Company Snapshot
As steward of his father’s storied brand, he steered the company through its IPO while maintaining its ‘Made in Italy’ legacy.
The News in Brief
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU Parliament Approves New Business Supply Chain Audit Law
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.