×
2 402
Fashion Jobs
AUTUMNPAPER LIMITED
Alexander Mcqueen Vip & Kol Manager
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 22.5 Hours, 3 Days - Part Time, Permanent
Permanent · Dartford
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Dartford
JOHN LEWIS
Loss Prevention Partner
Permanent · CHELMSFORD
BOOHOO GROUP
Senior Commercial Finance Analyst
Permanent · MANCHESTER
BOOHOOMAN
Senior Marketing Manager
Permanent · MANCHESTER
BOOHOO
Paid Search Manager
Permanent · MANCHESTER
DEBENHAMS
Marketplace Business Development Manager
Permanent · LONDON
DEBENHAMS
Marketplace Account Manager
Permanent · LONDON
DEBENHAMS
Marketplace Business Development Assistant
Permanent · LONDON
REISS
Buying Admin Assistant - Graduate Opportunity
Permanent · LONDON
HOMESENSE
Loss Prevention Officer - Full Time Tkmaxx/Homsesense Basingstoke
Permanent · Basingstoke
VIVIENNE WESTWOOD
Warehouse Operative
Permanent ·
VIVIENNE WESTWOOD
Legal Counsel
Permanent · LONDON
VIVIENNE WESTWOOD
Buying Admin Assistant
Permanent · LONDON
ESTEE LAUDER
Tom Ford - Assistant Business Manager - Selfridges, London - 37.5 Hours - Full Time, Permanent
Permanent · London
ESTEE LAUDER
The Estee Lauder Companies - Learning And Development Assistant Manager
Permanent · London
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
HEAD OFFICE
Head Chef Food Production – Victoria Head Office
Permanent · LONDON
DOROTHY PERKINS
Paid Search Assistant
Permanent · LONDON
Ads
By
Reuters API
Published
Apr 21, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ferragamo names veteran Gucci executive as general manager

By
Reuters API
Published
Apr 21, 2018

Italy’s Salvatore Ferragamo appointed Gucci executive Micaela Le Divelec as general manager on Friday, postponing selection of a new chief executive.


President of Ferragamo's SpA Ferruccio Ferragamo - Reuters


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.

The company said in a statement that the board had granted full powers to Chairman Ferruccio Ferragamo, who had taken over the running of the group after Poletto’s exit.

Ferruccio’s son James was made vice-chairman and one of three “strategic managers”, alongside Le Divelec and finance chief Ugo Giorcelli.

Le Divelec spent the past two decades at Gucci, where she was chief consumer officer. Another Florentine brand, Gucci has been relaunched in recent years by owner Kering and has once again become a key contributor to the French luxury goods group’s sales.

Sources had told Reuters this week that the company wanted to set up an executive committee while it took more time to look for a CEO.

Speaking to reporters after Friday’s annual shareholder meeting, the chairman ruled out the possibility of a family member becoming CEO.

“The new CEO must love and understand Ferragamo and I hope will come from within the company,” he said.

The Ferragamo family owns nearly 70 percent of the group.

Ferruccio Ferragamo has said he intends to hold the reins for as short a period as possible but that the group would take all the time needed to find the right CEO.

The company has not given reasons for the sudden exit of Poletto but Ferruccio Ferragamo said on Friday that there had been “divergences on certain points”.

He added that the group was pressing ahead with the plan presented in February last year “without changes or twists”.

“I am satisfied,” he said but acknowledged that the company still needs to bolster its online business and compete better in a segment that has become one of the luxury sector’s main growth drivers. 

© Thomson Reuters 2022 All rights reserved.