Salvatore Ferragamo shares, SFER share prices on the Stock Exchange

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ISIN code: IT0004712375
Sector: Non-durable consumer goods
Industry: Clothing/footwear

Le actions by Salvatore Ferragamo are listed on the Milan Stock Exchange under the ticker SFER.

Look at the history of the quotation of the share on the Milan Stock Exchange

Company Description

Salvatore Ferragamo SpA is an Italian fashion house founded in 1927 in Florence by Salvatore Ferragamo, Italian fashion designer. Ferragamo is active in luxury fashion industry. It creates, sells and produces footwear, leather goods, clothing, accessories, perfumes for men and women. It creates glasses (Marchon) and watches (Timex Group) through licenses.

The company has always stood out for uniqueness and exclusivity of its products by combining style and creativity of Italian craftsmanship.

The Ferragamo group is present in Italy and in the world in over 90 countries.

It has its own network of "Salvatore Ferragamo" single-brand stores for direct sales (retail). It also sells its products through spaces in third-party stores and through its presence in department stores and multi-brand stores (wholesale). The retail channel accounts for almost 64% of revenues, the wholesale channel for 35%.

In 2020, the Ferragamo distribution network is made up of a total of 644 stores, of which 395 direct points of sale (DOS) and 249 single-brand points of sale operated by third parties.

The largest volume of business is given by the European market but it is growing above all in the Asian market and in South America.

It has 4.183 employees.

He has been at the head of the company since 2006 Ferruccio FerragamoSalvatore's son.

Since 2011 it has been listed on the Milan Stock Exchange.

The shareholders is composed by:

• Ferragamo Finanziaria which holds 57,78%
• The Ferragamo family which has 10,69%
• Majestic Honor Limited, a Hong Kong company, which owns 5,93%

The rest of the shares are given by the stock market.

In 2020 the turnover was 916 million euros with a net profit of -72 million (compared to 2019).

Economic and financial analysis of the company

Salvatore Ferragamo was born by the hand of Salvatore Ferragamo. Salvatore, who had previously emigrated to America, returned to Italy and decided to create his own company “Ferragamo & C shoe factory.”. The company was inaugurated in 1927 in Florence, where, initially, women's shoes were produced for the American market.

In 1938, thanks to a series of ideas and a patent, Ferragamo buys Palazzo Spini Feroni for 3.400.000 pounds. Subsequently he opened two stores, one in London and one in Rome.

In 1948 he opened the first "Salvatore Ferragamo" store in the United States, in New York. A second store will be opened in 1975.

From the 50s the company began to have a great development managing to produce about 350 shoes a day employing 700 craftsmen.

In 1951 he presented the symbol of Ferragamo style on the catwalks: the famous "hooks" (shaped omega) used to adorn shoes, bags, and clothing.

In the 60s with the death of Salvatore, the company reorganized. The stylite's wife takes the lead, Wanda Ferragamo Miletti, the creative sector is entrusted to the daughter, Flame, and other roles are assigned to the other children Giovanna, Ferruccio, Fulvia, Leonardo, Massimo.  
The brand with the personal signature of the company founder is created.

In 1965 the company expanded its production to include bags and clothing. In 1970 a men's line was proposed while the production of silk accessories, such as scarves and ties, became one of the strengths of the house.

In 1989 he opened up to the Asian market by opening a shop at the Mandarin Hotel in Hong Kong. In 1994 another store opened in Shanghai followed by a flagship store in Seoul in 2011.

Over the years it has also expanded its production to eyewear, perfumes, watches and jewellery.

Since 2006, the company has been headed by Ferruccio Ferragamo who succeeded his mother.

In 2011 the company was listed on the Milan Stock Exchange placing 48% of the shares on the market.

The main lines of the group are:

• Salvatore Ferragamo: the group's main line featuring high-end shoes, clothes and accessories, for both men and women.
• Ferragamo's creation: with re-editions of iconic models such as the "top-hand" bag or the invisible sandal.
• Ferragamo Parfums: the line of fragrances and perfumes
• Ferragamo Timepieces: line of watches

On May 27, 2020, the CDA appointed Michael Norsa as new Director, entrusting him with the role of Executive Deputy Chairman and conferring on him the executive powers previously exercised by the Chairman Ferruccio Ferragamo.

After the collapse in March 2020, Ferragamo's shares are steadily rising. The shares are currently trading at €19.