The president of Salvatore Ferragamo, Ferruccio, has denied the rumors according to which the homonymous family is looking for a buyer but has ruled out that the new CEO, who must take the place of the outgoing Eraldo Poletto, comes from within the same family.
For now, Ferruccio Ferragamo himself will temporarily assume the function of CEO, waiting to find the right one.
Surely the new helmsman of Salvatore Ferragamo will have to roll up his sleeves because once again the accounts of the company, which has been suffering from the tribulations of the Stock Exchange for some time, are not good. In 2017, turnover fell by 3,1%, Ebitda by 23,3% and net profit by 42,4%, reaching 114 million euros.
The disappointing result of the Florentine fashion house is affected by the Trump tax reform for 13 million, while the 2016 financial year made use of non-recurring benefits. But, as Salvatore Ferragamo herself admits in a note, for now "the unfavorable trend seen in the last few months of 2017 continues".
