Salvatore Ferragamo's board has confirmed Marco Gobbetti as CEO until the end of 2026 and Leonardo Ferragamo as chairman.
He will remain in office for the term of the current board of directors ending Dec. 31, 2026. At the moment, the executive holds 134,766 shares in the company, which is listed on the Milan Stock Exchange. At the end of trading on Tuesday,was confirmed as chairman and Angelica Visconti, daughter of the late Fulvia Ferragamo, vice-chairman. Pierre La Tour, who joined the Florence-based luxury company on March 18, succeeding Alessandro Corsi, was confirmed group chief financial officer.
As reported, in 2023, Ferragamo revenues were down 7.6 percent to 1.15 billion euros, compared with 1.25 billion euros at the end of December 2022. At constant exchange rates, sales decreased 8.1 percent. In the 12 months ended Dec. 31, net profit more than halved, falling almost 60 percent to 26 million euros compared with 65 million euros in 2022.
Despite last year’s declines, Gobbetti, commenting on the results, said that the company has made “good progress” and that in 2024 it would “continue to fuel” its growth ambition and “work on the full deployment of the offer, enhancing storytelling, accelerating the rollout of the new store concept, while maximizing the potential of all digital touch points and focusing on the quality of sales.
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