Shares of the Salvatore Ferragamo luxury home peaked after the death of its founder's widow
22.10.2018 1926

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 ...
5
1
Rating

Latest News

US May Impose 50% Tariff on Brazilian Exports

The US threat to impose a 50 percent tariff on Brazilian imports from August 1 is putting pressure on shoe companies that produce shoes in Brazil, writes…
11.07.2025 83

Sportmaster sues Kari

Sportmaster is suing Kari, according to information from the Arbitration Court's card index, for violating exclusive rights to a trademark. In March, the sports goods chain filed a claim for 1,3 million rubles in the Moscow Arbitration Court, and the hearing…
11.07.2025 96

Fly on Euro Shoes

Fly, a regular participant in the Euro Shoes shoe exhibition, is preparing to present new collections of its brands at the August exhibition in Moscow – Italian W6YZ, French Laura Vita, Spanish Pitas and…
11.07.2025 108

Multi-brand store chain Hiker has launched a dacha advertising campaign

The heroes of the Hiker campaign, entitled “The Shape of Your Freedom,” were the retailer’s customers, who were photographed wearing clothes and shoes that they had purchased in Hiker stores in a country-style…
10.07.2025 212

Christian Louboutin Releases Capsule Collection of Cassia Lace Up Shoes in Nude Shades

French designer Christian Louboutin picked up the ballet shoe trend with the release of the Cassia Lace Up shoes. These high-heeled shoes have a square “pointe” toe and ribbons that tie at the…
10.07.2025 215
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning