|Bid||24.30 x 0|
|Ask||24.84 x 0|
|Day's Range||24.30 - 24.80|
|52 Week Range||20.42 - 25.61|
|PE Ratio (TTM)||34.89|
|Earnings Date||Jul 31, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.05|
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, the 90-year-old Italian fashion house famed for outfitting Hollywood stars from Marilyn Monroe to Sophia Loren, is struggling to regain its footing amid falling profit and management ...
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.
Shares in Salvatore Ferragamo rose more than 4 percent on Wednesday after the Italian luxury goods maker said Eraldo Poletto would step down from his position as chief executive, after less than two years in the job. The decision comes after the Florence-based company, which is aiming to make its brand more contemporary and appealing, particularly among younger customers, said in December that it could not confirm its medium-term targets. Since launching an ambitious new strategy in February last year the group has seen its core profit margins fall year-on-year, severely hit by a planned clearance of inventory products.
Italian luxury group Salvatore Ferragamo said on Tuesday Eraldo Poletto would step down from his position as chief executive, after less than two years in the job. Since launching its new plan in February last year the group has seen its core profit margins fall year-on-year. The 90-year old brand said in a statement the decision was "in agreement and cooperation" with Poletto and that it would be effective from March 8.
Salvatore Ferragamo's creative director Paul Andrew made his debut on Saturday with a soft, elegant collection, giving a contemporary twist to the luxury group's identity. Andrew became creative director of the Florence-based company in October after just over a year as design director for women's footwear, a mainstay for the brand whose shoes have been worn by Hollywood stars including Audrey Hepburn.
Italy's Salvatore Ferragamo (SFER.MI) said on Wednesday that 2017 preliminary revenues fell 3.1 percent, dragged by the group's sales in the last three months of the year, as it struggles with its ambitious new strategy. The luxury goods group said 2017 fourth-quarter sales were down 8.4 percent at current exchange rates, hit by adverse currencies and an ongoing planned clearance of its product inventory.
MILAN/LONDON (Reuters) - European shares fell on Friday, weighed down by weakness in the heavyweight banking sector and a slump in retail stocks following a disappointing trading update from fashion brand H&M. According to EPFR's weekly data, worries over the national election next year in Italy hit European equity funds with outflows at their highest level in over a year. H&M plunged 13 percent, leading losers on the STOXX, after the world's second largest fashion retailer reported an unexpected drop in quarterly sales as fewer shoppers visited its stores.
World shares fell on Friday and the dollar slipped against major developed and heavyweight emerging market currencies, as nagging uncertainty about a U.S. tax cuts package dovetailed with broad-based end-of-year caution. It was a groggy end to what was still set to be a third week of gains for MSCI's global stock index following more upbeat data and signs that central banks including the Federal Reserve have no plans to really jack up interest rates.