(Milan) Italian luxury house Salvatore Ferragamo on Tuesday announced the arrival at 1er January of its new boss, Marco Gobbetti, who had previously managed for five years a competitor in the world of fashion, the British group Burberry.
At the same time, the Italian group said it had accepted the resignation of its executive vice-president Michele Norsa, who will leave his post at the end of December.
After having managed Salvatore Ferragamo from 2006 to 2016, Michele Norsa had worked notably at Missoni before returning to the Florentine luxury house in May 2020.
Ferragamo announced in June that it had reached an agreement for Marco Gobbetti to join the company as chief executive.
Mr. Gobbetti had previously worked at Moschino, thirteen years within the LVMH group where he was CEO of Givenchy and Celine, before joining Burberry in 2017.
The arrival of Marco Gobbetti “marks the start of a new phase of brand valuation and development in global markets,” Ferragamo said in its press release on Tuesday.
The Italian brand posted a net profit of 40 million euros in the first nine months of the year, reflecting a recovery in its activity, driven by sales in Asia and the United States.
Over the same period of 2020, very marked by the health crisis, the brand suffered a loss of 96 million euros.
Turnover rose 34% over the January-September period, to 785.3 million euros.
The Italian group, whose origins date back to 1927, employs around 3,750 people.