Salvatore Ferragamo

Salvatore Ferragamo is the Italian luxury fashion house headquartered in Florence, founded in 1927 by shoemaker Salvatore Ferragamo upon his return from a decade of Hollywood work where he had built a reputation as “shoemaker to the stars.” The group is publicly traded on Borsa Italiana and remains under the controlling influence of the Ferragamo family through Ferragamo Finanziaria, with chairman Leonardo Ferragamo assuming executive powers following the March 2025 exit of CEO Marco Gobbetti.

The group reported preliminary 2024 revenue of €1.035 billion, down 10.5% year-over-year at current exchange rates and down 8.2% at constant rates. The Asia-Pacific region fell 19.7% as the broader luxury sector absorbed Chinese consumer slowdown. Net sales reached €1.009 billion (-9.8%), with operating profit guidance at the lower end of analyst expectations at approximately €30 million. Specific asset write-downs of €70 to €90 million were communicated in late 2024. Marco Gobbetti, who joined from Burberry in January 2022 with prior CEO experience at Givenchy, Celine, and Moschino, exited by mutual agreement effective March 6, 2025. A transition advisory committee was formed including James Ferragamo, Ernesto Greco, and Michele Norsa, the latter appointed chairman special advisor. The company has been the subject of speculation about a potential controlling-family sale of the business amid persistent operating headwinds since 2015. Ferragamo suspended Russian operations in 2022.

Salvatore Ferragamo operates approximately 650 points of sale globally, including 360 directly operated stores across more than 90 countries and additional wholesale and travel retail placement. The brand’s flagship presence centers on Florence, Milan, New York, Tokyo, Shanghai, Beijing, Hong Kong, Paris, and London. For mall operators, Ferragamo is a Class A luxury tenant for top-tier shopping centers and dedicated luxury floors, typically taking 200 to 400 square meters, with co-tenancy among Tod’s, Ferragamo, Bally, and the larger European luxury houses defining the typical cluster.