Shares of the Salvatore Ferragamo luxury home peaked after the death of its founder's widow
Salvatore Ferragamo shares reached their two-year high, rising by 8,8% in Milan, after announcing the death of the widow of the founder of the fashion house, writes Business of Fashion.
Wanda Ferragamo died on Friday at the age of 96 after six decades of managing the Florida shoe brand. She was a key figure in the family-owned joint-stock company, who controlled the company, opposing any option to sell the company, after the company entered the Milan Exchange in 2011.
Wanda Ferragamo owned 20% of the company’s business, another 15% passed to her after the death of her daughter Fulvia, which happened a year earlier.
According to analysts, the death of the widow of the founder of Salvatore Ferragamo opens up new possibilities for different scenarios of mergers and acquisitions, since a greater concentration of control over the enterprise will be concentrated in the hands of fewer family members.
The Ferragamo business was part of a generation of women entrepreneurs whose ambitious leadership completely transformed the fashion landscape. Among such entrepreneurs are the sisters Fendi, Miuce Prada, Donatella Versace. Wanda Ferragamo has turned Italian craftsmanship into a global brand. After the death of her husband in 1960, she added handbags, clothes, perfumes to the shoe assortment, creating a real fashion brand. Today it is one of the few remaining independent companies in the world of luxury fashion, owning a brand with a long history.
Note that in April this year, the eldest son of Ferragamo Ferrucio, who is the head of the company, said that the family is not going to sell the business.
Salvatore Ferragamo's shares hit a two-year high, rallying 8,8% in Milan, following the announcement of the death of the widow of the fashion house's founder, Business of ...
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Shoes Style and its Discoveries. An Interview with Anton Bazylev, Prize Winner of the International Shoe Design Competition
The international shoe design competition Shoes Style, held in Moscow this year, showcased many interesting footwear and accessory collections. Shoes Report recently published a story about the winners—third-year students from Kosygin Russian State University, Margarita Skvaznikova and Egor Lysov, who presented their "Retrospective" shoe collection at Shoes Style.
ICEBUG at Euro Shoes: Swedish Innovation in Grip Technology
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KV+ will present versatile sneakers for both sports and urban wear at Euro Shoes.
The Swiss brand KV+ is not so well known to the general Russian audience, but it is well known in the world of skiing, because it was there that KV+ took its first steps and actively developed. The Swiss brand has earned the trust of the professional sports audience over the past 35 years. At the same time, the Russian sports market of ski equipment has always been a priority for the Swiss.
Rieker and Remonte are regular exhibitors at Euro Shoes: meet your favorite brands at the exhibition from August 25 to 28 at the Central Trade Fair Center.
Riker and Remonte will present their Spring/Summer 2027 collections at the Euro Shoes exhibition (August 25–28, WTC Congress Centre).
New brands at Euro Shoes in August!
At the end of the month, from August 25th to 28th, the international footwear and accessories exhibition Euro Shoes Premiere Collection will take place in Moscow at the WTC Congress Center on Krasnopresnenskaya Embankment. We'd like to introduce you to the new exhibitors at Euro Shoes, who will be presenting their collections of footwear, accessories, shoe care products, and leather goods.
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Elite Line is an international specialized exhibition of footwear, fur, leather, and accessories. The exhibition will feature collections from international and domestic manufacturers from Russia, Turkey, Germany, Italy, Kazakhstan, and other countries.
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Customer traffic in shopping malls and street retail is declining; people are shopping less offline for a number of objective reasons, one of which is the convenience of online shopping with all its advantages. And yet, offline shopping continues to thrive. How can we control store traffic, learn to correctly calculate and influence the number of people visiting stores to ensure profitability?
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Euro Shoes: the industry's leading footwear exhibition will be held August 25–28 at the WTC Congress Center.
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The share of marketplaces will grow
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Customer profiling in a shoe store. What is this technique and how can it be used in sales?
Profiling is a scientific method of "reading people," allowing one to create a psychological profile of a person and predict their actions or behavior in certain situations, or even catch them in a lie. Profiling is used in sales because the salesperson needs to understand a person's emotional state and their underlying motivations for purchasing. An expert and practitioner in sales growth in fashion, SR, discusses this method and its practical application in footwear retail.
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Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
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