public s.p.a. traded as bit sfer industry fashion founded florence italy 1928 founder salvatore ferragamo headquarters florence italy area served worldwide key people ferruccio ferragamo president michele norsa ceo and general manager massimiliano giornetti creative director products shoes leather goods clothing revenue 1 152.9 million 2012 operating income 194.3 million 2012 profit 125.2 million 2012 owner ferragamo family number of employees 4 033 1 website www.ferragamo.com salvatore ferragamo s.p.a. salva to re ferra a mo is an italian luxury goods company with headquarters in florence specializing in shoes 2 leather goods and ready to wear for men and women . it is the parent company of the ferragamo group . the company also licences eyewear and watches . with about 2 600 employees and a network of over 550 mono brand stores the ferragamo group runs operations in italy and worldwide which provide the brand with a broad footprint in europe america and asia . contents 1 history 2 innovations 3 clients 4 italian locales 5 international locations 5.1 europe 5.2 north america 5.3 latin america 5.4 japan 5.5 asia pacific 6 officers and management 7 see also 8 notes and references 9 external links history edit palazzo spini feroni the headquarters of salvatore ferragamo s.p.a. in florence . salvatore ferragamo emigrated from southern italy to boston and then california in 1914 . he opened the hollywood boot shop in 1923 and made shoes 2 for movie stars such as joan crawford and gloria swanson as well as for films such as cecil b. demille s the ten commandments . 3 he returned to italy and set up a shoe shop in florence in 1927 . 4 however the modern shoemaking company regards 1928 as the date of its foundation and so celebrated its 80th anniversary in 2008 . 3 salvatore filed for bankruptcy in 1933 citation needed during the great depression but by 1938 he was in a position to buy the palazzo spini feroni one of the great palaces of florence 3 which now houses the company s flagship store and a museum dedicated to ferragamo s life and work . the company flourished after world war ii expanding the workforce to 700 craftsmen producing 350 pairs of hand made shoes a day . citation needed after salvatore s death in 1960 his widow wanda took over the running of the business and expanded its operations to include eyewear perfume belts scarves 4 bags watches and a ready to wear clothing line . ferruccio ferragamo current president of salvatore ferragamo s.p.a. the company is currently owned by the ferragamo family which in november 2006 included salvatore s widow wanda five children 23 grandchildren and other relatives . 5 there is a rule that only 3 members of the family can work at the company prompting fierce competition . 5 to ease these tensions in september 2006 the family announced a plan to float 48 % of the company on the stock market and since october 2006 michele norsa has served as managing and general director . 4 however as of january 2008 this plan may be on put on hold in the midst of the downturn in the financial market . 6 if the listing on the stock market proceeds the fund will be directed primarily towards building its positions in china . 7 the company is holding its 80th birthday exhibition in shanghai . 3 for the fiscal year 2014 salvatore ferragamo reported preliminary consolidated revenues of 1 332 million euros 1 508 million dollars as of december 31 2014 the salvatore ferragamo group s retail network consisted of 373 directly operated stores dos while the wholesale and travel retail channel included 270 third party operated stores tpos as well as presence in major department stores and high end multi brand specialty stores . 8 innovations edit throughout its history the company has been known for innovative designs and use of materials . such ingenuity goes back to salvatore s time in california when he studied anatomy to make shoes which were more comfortable . notable innovations include the wedge heel the shell shaped sole the invisible sandal metal heels and soles the 18 carat gold sandal the sock shoe sculpture heels and the gloved arch shoe created for the maharani of cooch behar in 1938 . 3 metal reinforced stiletto heels were made famous by marilyn monroe . 4 the company is also known for the gancini decoration the vara patent ballet pump the salvatore bag and the use of patchwork . 3 it makes also eyewear and watches in partnership with luxottica and timex group ; in 2011 the first line of jewelry ferragamo was made in collaboration with gianni bulgari . recently the company launched my ferragamo which is a new addition to the brand and is being seen by the company as a push for the younger generation . clients edit salvatore worked with film stars and celebrities from his earliest days in hollywood . clients over the years included audrey hepburn sophia loren and greta garbo 4 as well as andy warhol grace mugabe and diana princess of wales . 3 the company made margaret thatcher s famous handbags 7 and for king jigme khesar namgyal wangchuck during the coronation on november 6 2008 in thimpu bhutan . italian locales edit ferruccio ferragamo in 1992 in addition to its historical flagship store at the palazzo spini feroni in florence ferragamo has two stores in milan two in rome and 14 in prestigious locations in naples genoa turin capri portofino and venice . international locations edit europe edit in europe it has a total of 58 shops it directly controls including a flagship in paris s avenue montaigne and one in the atkinsons building in london s old bond street . the shops are found in major cities in france germany the uk and spain as well as in brussels athens monte carlo vienna prague and amsterdam . north america edit salvatore ferragamo markets products in north america from canada to hawaii with 25 directly controlled points of sale . in the united states ferragamo has 15 boutiques in arizona california florida georgia hawaii illinois massachusetts michigan nevada new jersey new york pennsylvania texas virginia and washington . of particular note are the flagship stores at fifth avenue in new york and at copley place in boston as well as in beverly hills and honolulu . the company opened its first canadian store in july 2013 in toronto . in addition to its free standing stores there are many shop in shops and corners in the department stores in the u.s. latin america edit salvatore ferragamo recently extended direct control in latin america by setting up ferragamo mexico which directly handles 20 points of sale in the country including the first flagship store in latin america . it also has a select distribution circuit in numerous countries from venezuela to brazil argentina chile panama colombia and peru . in brazil the salvatore ferragamo group has begun in a luxury department store called daslu . after that direct control stores were opened in s o paulo 3 stores and rio de janeiro 1 store . japan edit salvatore ferragamo has had directly controlled operations in japan since the early 70s and can now count on a distribution network of 64 directly controlled points of sale through japanese department stores such as iwataya and daimaru . it has two flagship stores one in ginza tokyo and one in osaka opened in october 2004 . 27 percent of its revenue in 2005 575m euros came from japan . 9 asia pacific edit through its hong kong headquarters salvatore ferragamo controls its distribution operations in the following 11 countries in asia and oceania hong kong flagship in canton road taiwan flagship in taipei 101 china flagship in shanghai india flagship in dlf emporio new delhi korea flagship in seoul singapore thailand flagship in paragon malaysia duplex flagship at pavilion kuala lumpur indonesia doha the pearl qatar australia and philippines . in 2010 a massive expansion plan was set to expand the presence of salvatore ferragamo in the philippines . the plan includes the renovation of all four stores in manila and cebu and the opening of resorts world manila store and the opening of another two stores in 2012 . officers and management edit ferruccio ferragamo in 1992 wanda ferragamo miletti has led the group since 1960 when her husband and founder of the company salvatore died . she is currently honorary chairman . ferruccio ferragamo he is currently president of the company . michele norsa managing and general director of salvatore ferragamo italia s.p.a. giovanna gentile ferragamo she is currently vice president of ferragamo finanziaria s.p.a. leonardo ferragamo since 2000 he has served as ceo of palazzo feroni finanziaria s.p.a the family s holding company . massimo ferragamo he is chairman of ferragamo usa the ferragamo company that has handled the brand s distribution in north america since fifties . fulvia visconti ferragamo has run the fashion label s silk accessories division since the seventies . she is vice president of salvatore ferragamo italia s.p.a. massimiliano giornetti is the current creative director of the salvatore ferragamo brand . he worked his way up from working in menswear to overseeing both men s and women s fashion collections in 2010 . see also edit salvatore ferragamo the company s namesake and founder notes and references edit http group.ferragamo.com wps wcm connect 736a79e3 6db0 44c5 bfa0 18a8d7857e2b annual report as at 31 december 2015.pdf mod ajperes & cacheid 736a79e3 6db0 44c5 bfa0 18a8d7857e2b a b chevalier michel ; gerald mazzalovo 2012 . 3 . luxury brand management second ed . . singapore john wiley & sons . p. 53 . isbn 978 1 118 17176 9 . cite error invalid ref tag ; name lbm 2012 53 defined multiple times with different content see the help page . a b c d e f g salvatore ferragamo celebrates its 80th anniversary in shanghai pdf salvatore ferragamo italia spa retrieved 2008 04 20 a b c d e webb tim 2007 leonardo ferragamo angels want to wear his red shoes the independent london published 2007 02 04 retrieved 2008 04 20 a b sherman lauren 2006 when fashion goes public forbes published 2006 11 16 retrieved 2008 04 20 finch julia 2008 tommy hilfiger halts flotation the guardian london published 2008 01 25 retrieved 2008 04 20 a b cartner morley jess 2008 written at shanghai from florence to shanghai ferragamo eyes a makeover the guardian london published 2008 03 29 retrieved 2008 04 20 singh prachi january 30 2015 . salvatore ferragamo revenues rise of 5.9 percent in fy14 . fashionunited . retrieved june 18 2015 . japan is the world s most concentrated source of revenue for luxury brands jetro.org external links edit wikimedia commons has media related to salvatore ferragamo s.p.a. . official website v t e designer labels etienne aigner akris armani aspinal asprey max azria badgley mischka balenciaga balmain victoria beckham laura biagiotti manolo blahnik ozwald boateng hugo boss burberry tory burch cacharel ally capellino pierre cardin cartier cavalli c line chanel chlo jimmy choo dior s. t. dupont dolce & gabbana adolfo dom nguez dsquared2 escada etro fendi salvatore ferragamo gianfranco ferr fiorucci tom ford fossil diane von f rstenberg jean paul gaultier givenchy gottex goyard gucci heatherette daniel hechter herm s herrera tommy hilfiger marc jacobs donna karan kenzo calvin klein michael kors lacoste lacroix karl lagerfeld helmut lang lanvin guy laroche ralph lauren yves saint laurent judith leiber nanette lepore monique lhuillier phillip lim loewe longchamp christian louboutin l o marciano maison margiela lana marks marni stella mccartney alexander mcqueen carlos miele issey miyake missoni moschino mouawad moynat thierry mugler mulberry fred perry pinto zac posen prada emilio pucci paco rabanne oscar de la renta rochas sonia rykiel elie saab sabyasachi proenza schouler paul smith kate spade anna sui elie tahari