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Ferragamo Boosted by New Execs Ahead of Fresh CEO -- Market Talk

Dow Jones Newswires ·  Oct 13, 2021 23:42

1531 GMT - Changes to Salvatore Ferragamo's executive team should enhance management at the Italian luxury-goods company ahead of the arrival of a new CEO, Stifel says. Ferragamo said Tuesday that it was appointing Daniella Vitale and Vincenzo Equestre to lead its North America and EMEA businesses, respectively. The pair's track records at brands including Gucci, Tiffany, L'Oreal and LVMH will strengthen the company and smooth the integration of Marco Gobbetti, who is due to take the reins after leaving U.K. fashion firm Burberry, Stifel says. A new creative director to fill the current vacancy would be a fresh positive for Ferragamo, the financial-services firm adds; some observers have pointed to Gobbetti's colleague at Burberry, Riccardo Tisci, as a strong candidate. (joshua.kirby@wsj.com; @joshualeokirby )

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