Salvatore Ferragamo confirmed on Tuesday the appointment of Marco Gobbetti as CEO and general director of the company. The executive will remain in office during the term of the current board of directors, which will end on December 31, 2026. Currently, the executive owns 134,766 shares of the company, which is listed on the Milan Stock Exchange.
Besides, Leonardo Ferragamo was confirmed as president and Angelica Visconti, daughter of the late Fulvia Ferragamo, vice president. Pierre La Tour, who joined the company on March 18, succeeding Alessandro Corsi, was confirmed as the group’s chief financial officer.
Gobbetti joined Ferragamo from Burberry in January 2022, succeeding Micaela Le Divelec Lemmi. He had previously been CEO of Burberry since July 2017. Earlier in his career, Gobbetti worked as CEO of Moschino and then spent thirteen years at LVMH Moët Hennessy Louis Vuitton, where he was CEO of Givenchy. He later signed with Celine, where he worked with Phoebe Philo.
Salvatore Ferragamo fell 7.6% in 2023%, up to 1,156 million euros
The turnover of the Italian luxury fashion company fell by 7.6%, to 1,156 million euros, in fiscal year 2023 (period ending December 31), compared to the previous year, in which the group had a turnover of 1,252 millions of euros.
The group’s net profit reached 26 million euros, 59.9% less than in 2022, when it stood at 65 million euros. The company noted that the results are a consequence of the transition of its product offering and the optimization of the commercial network, in a context of slowdown in luxury.
The company’s operating profit (ebit) fell 43.7%, to 72 million euros, compared to the 128 million euros it reached in 2022. A drop that the company relates to greater investment, mainly in marketing and communication. While the gross operating result (ebitda) fell 15.8%, to 252 million euros, when in 2022 it was 299 million euros.
