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Salvatore Ferragamo S.p.A. (0P52.IL)

IOB - IOB Delayed price. Currency in EUR
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18.35+0.11 (+0.63%)
At close: 05:04PM GMT
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  • Reuters

    Pro-military symbols adorn shop windows of western brands in Moscow

    Franchise agreements mean Russian partners continue to sell the merchandise, despite many major multinational retailers saying they would stop or suspend trading in Russia after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. Russia has long been a market for luxury goods firms in Moscow and there has been no noticeable change in shopping habits in recent weeks.

  • Reuters

    Ferragamo to revamp product offer, won't give guidance for 2022

    The new boss of Salvatore Ferragamo aims to boost sales by revitalising its product offer, though the Italian luxury group said the war in Ukraine and the lingering pandemic in some areas meant it could not give an outlook for 2022. Marco Gobbetti, who became chief executive of Ferragamo in January after 4-1/2 years at British rival Burberry, said he planned to appoint a new creative director to inject "energy and newness" in the product range. "For sure growth is for me the overall priority," Gobbetti said in his first conference call with analysts since he took the role, adding he would give more details on his strategy in May when Ferragamo reports first-quarter results.