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ferragamo

January 29, 2021

Family distanced in revamped Ferragamo board amid slumping revenues, Rupert Murdoch ‘far from done’ at News Corp and warns of woke censorship, Crisis strategy helps H&M recover from lockdowns.

Family distanced in revamped Ferragamo board amid slumping revenues

The Ferragamo family is expected to streamline the management board of its luxury goods brand as it attempts to rally from the coronavirus impact on its global revenues.

FB Roundup: Tattarang, Ferragamo, LVMH

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

Trussardi family use €50m buy-out to power growth

February 22, 2019

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

The 108-year-old fashion house said the injection from QuattroR would underwrite its five-year international development plan. The plan was agreed with Tomaso Trussardi, the third-generation chief executive who will act as chairman of the new entity.

FB roundup: Ferragamo, Shahid Khan, and Dyson

October 24, 2018

Wanda Ferragamo dies aged 96, Dyson to manufacture new electric vehicle in Singapore, Shahid Khan withdraws offer to buy Wembley Stadium.

Wanda Ferragamo, matriarch of fashion empire Salvatore Ferragamo, dies aged 96

Wanda Ferragamo, who is credited with expanding her husband’s shoe business into the global fashion brand Salvatore Ferragamo, has died at her home in Fiesole, Italy aged 96.

The Ferragamo family issued a statement confirming her death, but did not disclose a cause. She is survived by her four children—Giovanna, Ferruccio, Massimo and Leonardo.

The business has annual revenue of about $1.6 billion, according to Bloomberg News.

Shortlist announced for the European Families in Business Awards 2018

June 5, 2018

The annual European Families in Business Awards is a golden opportunity to see great examples of family businesses adapting and leading in their respective industries, while preserving proud traditions.

Automation, disruption, and the rise of artificial intelligence—all these 21st century technology trends can be seen as both challenges to existing family businesses and opportunities. Two vital ingredients to help business families prosper in the future and use these trends to their advantage are adaptation and leadership.

Family business roundup: Bouygues, Exor, Ferragamo, Merck, Sodexo, Saras results

November 18, 2013

Italian family businesses Exor and Ferragamo both saw dramatic increases in profit in the third quarter of 2013, while revenue at Italian refinery business Saras was badly hit by the falling price of oil.

Bouygues
French telecommunication and construction company Bouygues, controlled by the eponymous family, reported third-quarter sales of €9,048 billion – level with the same period last year, but revenues for the first nine months of 2013 dipped 1% to €24,255.

Family business roundup: Hermes, Ferragamo, Folli Follie, Exor

August 30, 2013

Hermes surprises with strong profits for the first half, while Ferragamo and Folli Follie also see profits up. Exor sees profits soar due to SGS sale.

Hermes
Strong demand for leather and silk accessories has seen French luxury group Hermes beat forecasts for its first half operating profit, up 14% to €584 million.

The fashion group said growth was balanced in all regions, with Asia ex-Japan and the Americas both seeing growth of 17% compared to the previous year.

Family business roundup: Profits squeezed at Wates, H&M and Auchan, Ferragamo and Hermes notch up strong results

March 25, 2013

Some of Europe’s best-known family businesses reported a mixed bag of results recently, with the luxury groups unsurprisingly notching up the highest growth.

Wates

Family business roundup: Good Q2 for Estee Lauder; LVMH, Paccar, Ferragamo and Luxottica post excellent 2012 results

February 5, 2013

Family businesses in Europe and the US have been reflecting on 2012 – with encouraging results reported by Luxottica, Ferragamo, LVMH and Paccar. Meanwhile, Estee Lauder posted strong sales for its second quarter.

Family business roundup: Exor and Genting post profit falls, Pernod Ricard and Ferragamo earnings up

August 30, 2012

It has been a week of contrasting fortunes for Italian family businesses as Exor’s half-yearly profits plummeted while Ferragamo’s rose significantly.

It has been a week of contrasting fortunes for Italian family businesses as Exor’s half-yearly profits plummeted while Ferragamo’s rose significantly. Meanwhile, France's Pernod Ricard reported an increase in full-year earnings and Malaysian investment group Genting Berhad posted lower quarterly profits.