The Italian luxury group saw its sales decline 60 percent in the second quarter.

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.

This week, Raf Simons started as chief creative officer at Calvin Klein, while longstanding Salvatore Ferragamo chief executive officer Michele Norsa departed his post.

Salvatore Ferragamo will focus on boosting profits this year to combat lower growth in the luxury industry as a whole, its outgoing chief executive said on Sunday.

Italian luxury goods group Salvatore Ferragamo said it appointed as new chief executive former Furla head Eraldo Poletto, credited for a doubling of sales at the accessibly-priced handbag maker in the last five years.

BoF compiles the most important professional moves of the week.

Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of  the company.

In the face of a plummeting stock exchange and predictions of a prolonged bear market, a group of Italian luxury executives remain cautiously, perhaps improbably bullish about the Chinese economy.