Salvatore Ferragamo’s decision to replace its CEO Eraldo Poletto comes after the luxury Italian brand reported that its revenues fell 6 per cent to US$789 million in the first six months of this year, with footwear sales down 5.5 per cent and flat for handbags and accessories. Photo: Reuters

Salvatore Ferragamo pins hopes on new CEO Micaela Le Divelec Lemmi to revive its fortunes

Italian luxury brand appoints former Gucci executive to succeed Eraldo Poletto after it reports 23 per cent drop in profits during first six months of 2018

Topic |   Luxury CEOs

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Salvatore Ferragamo’s decision to replace its CEO Eraldo Poletto comes after the luxury Italian brand reported that its revenues fell 6 per cent to US$789 million in the first six months of this year, with footwear sales down 5.5 per cent and flat for handbags and accessories. Photo: Reuters
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