|Bid||20.47 x 0|
|Ask||20.51 x 0|
|Day's Range||20.20 - 20.80|
|52 Week Range||17.90 - 25.50|
|Beta (3Y Monthly)||0.36|
|PE Ratio (TTM)||35.41|
|Earnings Date||Nov 8, 2018|
|Forward Dividend & Yield||0.38 (1.98%)|
|1y Target Est||19.70|
European shares fell at the end of a choppy trading session on Monday, as relief over Moody's decision to keep Italy's sovereign rating outlook stable proved short lived and the focus turned to Europe's response to Rome's budget plans. The European benchmark index had risen as much as 0.7 percent in early deals after the agency on Friday kept Italy's outlook at "stable" even as it cut the country's rating to one notch above junk status, because of concerns over government budget plans.
Wanda Ferragamo died Friday at the age of 96, nearly six decades after she took over running the Florentine shoemaker favored by silver-screen icons like Audrey Hepburn. Wanda Ferragamo held 20 percent of voting rights in the family holding, and a further 15 percent have yet to be allocated following the death of daughter Fulvia earlier this year, according to the analyst.
Wanda Ferragamo, the honorary president of the Florentine shoemaker founded by her husband Salvatore, has died at the age of 96, the family said on Friday. In recent months the family repeatedly dismissed speculation about a possible sale of the fashion group and appointed Micaela Le Divelec Lemmi, a former Gucci executive, as the group's new CEO in July. "With immense pain... we want to tell you about our mother's passing," Giovanna, Ferruccio, Leonardo and Massimo Ferragamo said in a message to staff.
European stocks failed to stage a recovery on Friday, posting their worst week since a market correction last February as a new sell-off hit bourses across the globe, amid worries about protectionism and fast-rising U.S. interest rates. Euro zone stocks initially jumped one percent but rapidly shed all of their gains despite Wall Street opening higher. There's "a rotten trend" in Europe, a trader complained, noting that U.S. shares have outperformed their European peers since the beginning of the year with the Trump administration's fiscal cuts boosting earnings.
A look at the shareholders of Salvatore Ferragamo SpA (BIT:SFER) can tell us which group is most powerful. Institutions often own shares in more established companies, while it’s not unusual Read More...
Donatella Versace is known for her gaudy catwalk creations. Meanwhile, U.S. tax cuts have boosted the spending power of rich Americans. That combination has driven up company valuations across the industry. The boom is underlined by the $2.1 billion that Michael Kors Holdings Ltd is paying for Versace.
Meanwhile, U.S. tax cuts have boosted the spending power of rich Americans. That combination has driven up company valuations across the industry. The boom is underlined by the $2.1 billion that Michael Kors Holdings Ltd is paying for Versace. Italy’s Salvatore Ferragamo SpA may be the next likeliest, after dealReporter said it was approached by several private equity firms. Family-controlled Prada SpA and Tod’s SpA might also want to rethink if their nascent turnarounds don’t keep delivering.
Michael Kors' (KORS.N) swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out. The Italian red carpet favourite is the latest label to be picked off by a conglomerate after years of expansion by European groups like Louis Vuitton owner LVMH (LVMH.PA), which now has a stable of 70 brands from champagne to watchmakers.
Michael Kors (KORS.N) agreed to buy luxury designer Versace for 1.83 billion euros (1.67 billion pounds) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals. Michael Kors, whose namesake label is best known for its leather handbags, has made no secret of its ambition to widen its customer base and its portfolio of high-end brands after buying British stiletto-heel maker Jimmy Choo for $1.2 billion last year. The bet on Versace comes as the U.S. group looks to refresh the more downmarket image of the Michael Kors brand and recover some of its pricing power.
I am writing today to help inform people who are new to the stock market and want to begin learning about how to value company based on its current earningsRead More...
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.
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 ...