|Bid||19.780 x 0|
|Ask||20.140 x 0|
|Day's Range||19.740 - 20.170|
|52 Week Range||18.700 - 25.500|
|PE Ratio (TTM)||29.01|
|Earnings Date||Nov 8, 2018|
|Forward Dividend & Yield||0.38 (1.93%)|
|1y Target Est||19.88|
Bosses of struggling Italian luxury goods maker Salvatore Ferragamo (SFER.MI) said there was "work to be done" and "things to be put back in the right direction" after the group posted sliding revenue and profit for the first half of the year. The shoemaker parted ways with Chief Executive Eraldo Poletto in March, a year after he unveiled an ambitious plan for the company aimed at refreshing the style of its products and increasing its appeal to a younger clientele. Chairman Ferruccio Ferragamo, a member of the family which controls the Milan-listed group, has since been serving as interim CEO.
MILAN (AP) — The Salvatore Ferragamo fashion house has named a former Gucci executive as CEO to relaunch the brand after reporting a 23 percent drop in first-half profits.
Salvatore Ferragamo SpA appointed Micaela le Divelec Lemmi, a 20-year veteran of French luxury conglomerate Kering SA, to become its new chief executive officer as the Italian shoemaker seeks leadership for its turnaround bid. Le Divelec Lemmi, who served as chief financial officer of Kering’s Gucci brand, has been general manager of Ferragamo since April. Ferragamo, known for making shoes for Audrey Hepburn and handbags for Margaret Thatcher, has struggled to refresh its look in recent years.
Measuring Salvatore Ferragamo SpA’s (BIT:SFER) track record of past performance is a useful exercise for investors. It enables us to understand whether or not the company has met or exceedRead More...
By Julien Ponthus and Helen Reid LONDON (Reuters) - European shares climbed on Wednesday but the modest rebound failed to erase the previous session's losses as investors' fears about an ongoing trade ...
Shares in Salvatore Ferragamo (SFER.MI) tumbled on Wednesday after the luxury group's controlling family sold shares at a steep discount, sparking concern about the group's profitability. Ferragamo Finanziaria sold a 3.5 percent stake in the Florence-based group in an accelerated book building process. A source close to the matter told Reuters that the move was intended to increase the free float of the company, considered too low by the family.
June 20 (Reuters) - FERRAGAMO FINANZIARIA: * SOLD ABOUT 5.9 MILLION ORDINARY SHARES IN SALVATORE FERRAGAMO S.P.A. * SHARE SALE EQUAL TO 3.5% OF THE SHARE CAPITAL HELD IN SALVATORE FERRAGAMO, IN THE CONTEXT ...
Italy's Ferragamo family, which controls the eponymous luxury group, said on Tuesday it would sell a 3.5 percent stake in the company through an accelerated book building (ABB). The Florence-based group issued a profit warning in December and has been battling falling sales and profitability, partly due to a clean-up of inventories. Through its holding Ferragamo Finanziaria, the family owns 57.76 percent of the firm, but in total family members control a stake of nearly 70 percent.
June 19 (Reuters) - Salvatore Ferragamo's Bookrunner: * SALVATORE FERRAGAMO SPA: BOOKRUNNER SAYS ACCELERATED BOOKBUILT OFFERING OF ABOUT 5.9M SHARES IN PRIVATE PLACEMENT Further company coverage:
Italian luxury goods group Salvatore Ferragamo (SFER.MI) still has work to do to turn itself around, its chairman said on Monday, as the company warned currency swings and a bias in sales towards lower-margin goods could hit results this year. The shoemaker parted ways with Chief Executive Eraldo Poletto in March a year after he unveiled an ambitious plan aimed at refreshing the style of its products and increasing its appeal to a younger clientele. "We have to work, we still have a lot to do," executive chairman Ferruccio Ferragamo said on Monday, adding the group was focusing on its organisation and products, as well as containing costs.
May 7 (Reuters) - Italy's Salvatore Ferragamo CFO Ugo Giorcelli says : * A 2 PERCENT GROWTH IN 2018 REVENUES AT CONSTANT EXCHANGE RATES "NOT FAR FROM REACHABLE" Further company coverage: (Reporting ...
May 7 (Reuters) - Italy's Salvatore Ferragamo Executive Chairman Ferruccio Ferragamo says in a post-results call: * GROUP "HAS TO WORK, STILL HAS A LOT TO DO" Further company coverage: (Reporting ...
Italy's Salvatore Ferragamo (SFER.MI) appointed Gucci executive Micaela Le Divelec as general manager on Friday, postponing selection of a new chief executive. The Florence-based shoemaker parted ways with CEO Eraldo Poletto in March, barely more than a year after the newly named chief unveiled an ambitious plan to boost sales through a product revamp only to issue a profit warning in December. Family-owned Ferragamo is battling falling sales and profitability as its brand, famous for the shoes worn by Hollywood stars such as Audrey Hepburn, resonates little with young shoppers who account for a growing share of global luxury spending.
April 20 (Reuters) - Salvatore Ferragamo says: * NAMES MICAELA LE DIVELEC DIRECTOR GENERAL * NAMES LE DIVELEC AND JAMES FERRAGAMO AS TWO NEW STRATEGIC MANAGERS IN ADDITION TO CFO UGO GIORCELLI * NAMES ...
Salvatore Ferragamo will delay the appointment of a new CEO and set up an executive management committee to steer the Italian luxury group's ongoing revamp, sources close to the matter told Reuters. Since launching a strategic plan last year to boost its appeal to a younger clientele and reverse falling sales and profitability, the family-owned firm famous for shoes worn by Hollywood stars such as Audrey Hepburn issued a profit warning in December and lost CEO Eraldo Poletto in early March. Chairman Ferruccio Ferragamo took temporary charge after Poletto stepped down and said that, while the company would take the time needed to find the right CEO candidate, he intended to hold the reins for as short a period as possible.
Salvatore Ferragamo Sp.A. (BIT:SFER), a luxury company based in Italy, saw significant share price volatility over the past couple of months on the BIT, rising to the highs of €23.64Read More...
Salvatore Ferragamo Sp.A. (BIT:SFER) trades with a trailing P/E of 31.4x, which is higher than the industry average of 26.9x. Although some investors may jump to the conclusion that youRead More...
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Salvatore Ferragamo Sp.A. (BIT:SFER) with a market-capitalization of €3.69B, rarely draw their attention. While they are lessRead More...
Salvatore Ferragamo (SFER.MI) will take the time needed to find a new chief executive to help turnaround the Italian shoemaker, its chairman said on Thursday, ruling out a sale of the company. The family-owned firm, famous for shoes worn by Hollywood stars such as Audrey Hepburn, is striving to revamp its product offering to appeal to a younger clientele and reverse falling sales and profitability. In a sign this could take time, the company issued a profit warning in December and last week lost CEO Eraldo Poletto, fuelling speculation of a potential sale.
Italy's Salvatore Ferragamo said on Thursday that the negative trends observed in the last few months of 2017 driven by the foreign exchange and distribution mix were continuing this year. After CEO Eraldo Poletto stepped down last week, Ferragamo said it gave its Chairman Ferruccio Ferragamo managing powers on an interim basis. Last year's earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 23.3 percent to 249 million euros ($306 million), broadly in line with a Thomson Reuters average analyst estimate of 244 million euros.