×
1 360
Fashion Jobs
360 TALENT LONDON
Showroom Manager – Central London
Permanent · LONDON
360 TALENT LONDON
Assistant Showroom Manager – Central London
Permanent · LONDON
ESTÉE LAUDER
Operations Support Manager
Permanent · Petersfield
ESTÉE LAUDER
jo Malone London - Omnichannel Operations Manager
Permanent · London
ESTÉE LAUDER
Multi-Brand - Business Manager, 37.5 Hours - Oxford - John Lewis
Permanent · Oxford
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
Advertisements
Translated by
Nicola Mira
Published
Dec 14, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Salvatore Ferragamo appoints Alessandro Corsi as new CFO

Translated by
Nicola Mira
Published
Dec 14, 2018

Salvatore Ferragamo has gone for an internal solution to replace its departing CFO. During the board of directors’ meeting of December 13, the Florentine luxury group appointed Alessandro Corsi as its new CFO from January 11 2019.


Salvatore Ferragamo


Corsi will be taking over from Ugo Giorcelli, who joined Ferragamo in March 2017 after 10 years with Amplifon, called up by former CEO Eraldo Poletto. On Dec. 12, Ferragamo issued a statement saying that Giorcelli is leaving the group “to embark on a new professional development path.”

Giorcelli’s exit was not well received by financial markets, an effect compounded by the Italian group’s downgrading by independent financial services firm Kepler Chevreux, and the luxury sector’s conservative growth forecast, due to China’s expected slowdown in 2019.

After an initial stint with General Electric’s finance department, Corsi joined Salvatore Ferragamo in 2003, working on financial planning and control, and was later appointed Director of Group Business Development and E-commerce. Corsi, who isn’t a Ferragamo shareholder, then worked on the group’s IPO and, after Ferragamo was listed on the stock exchange, took on the role of Investor Relations director until 2013, when he was put in charge of the group’s EMEA business, a position he held until 2018, when he was appointed chief strategy officer.
 
At the same board meeting of Dec. 13, Ferragamo also put Marco Fortini in charge of the group’s corporate financial reports from January 11 2019, a role he already held in 2016 and 2017.
 
The Salvatore Ferragamo group has approximately 4,000 employees and operates 679 monobrand stores worldwide, chiefly on the European, American and Asian markets. In the first nine months of the current financial year, the group recorded a revenue of €972 million, down 3.3% compared to the same period in 2017, despite a rally in the third quarter, which closed with a revenue of €298 million, up 3.9%. EBITDA fell by 7.9% to €149 million, while net income decreased by 17.5%, to €65 million. In the period in question, sales for handbags and leather accessories were up 1.9%, fragrance was up 2.6%, while apparel and footwear lost respectively 11.6% and 6.2%.

Copyright © 2021 FashionNetwork.com All rights reserved.