Luxury Brand Ferragamo CEO Will Leave At The End Of The Year.

　　 Ferragamo (Ferragamo) the Italy women's shoes kingdom was born in 1927. Creativity, passion and resilience are the eternal values of the Ferragamo family and are passed down from generation to generation.

Recently, in Luxury brands in Italy A month after Salvatore Ferragamo's former creative director Massimiliano Giornetti left the company, the group announced that the group's CEO Michele Norsa will leave the company at the end of this year, but the group said there was no direct correlation between their departure.

Salvatore Ferragamo group said that Michele Norsa had reached an agreement with the company to complete all the handover work with the successor CEO in the current financial year. He was the first non family member to hold the position of CEO in Ferruccio Ferragamo.

Michele Norsa joined the company in 2006. After a long time of hard work and many contributions to the company, he said the intention of leaving the company was to take care of the family, but also wanted to focus on the new field. But he would wait until the successor came to formally leave the post.

Michele Norsa leads the company to market and helps the company grow globally. The group revealed that Michele Norsa will continue to cooperate with Ferragamo in its non executive leadership until shareholders pass the fiscal year 2017 fiscal report.

Group Armando Branchini, the acting chairman of the group, said that the organizational capability of Michele Norsa was excellent. Effective strategies were put forward and the team was strictly implemented.

Armando Branchini pointed out that in June 2011, when the company was listed, it was affected by the financial crisis, and the market environment was not optimistic. However, Michele Norsa's sensitive analytical ability and excellent leadership ability made the company successfully go public, and has consistently led the company's performance to grow continuously. At present, the market value of the company is 3 billion 500 million euros.

The experience of Michele Norsa leading the successful listing of Salvatore Ferragamo has been appreciated by the Marzotto group and has become a key role of Marzotto group, helping the group analyze the market and invest in its brand Valentino. In 2002, the Marzotto Group acquired the dual brand structure of Valentino and was hosted by Michele Norsa. Brand CEO He also serves as general manager of M Missoni and Marlboro Classics, a special authorized brand.

Michele Norsa revealed that Salvatore Ferragamo had a good sales performance in the Asia Pacific region, accounting for 45% of the total sales, and emphasized that shoes sales were the most prominent, accounting for 42% of the total revenue. The Latin American market will be the market that the company attaches great importance to in the coming year. As of last year, the brand has expanded to 103 countries, with 65 stores and 65 outlets.

Michele Norsa believes that Australia and Mexico are also becoming increasingly important markets because these two areas have become tourist destinations for Chinese tourists. He pointed out that this year's market environment is similar to that of 2015. There will still be fluctuations, while Hongkong is affected by political factors, but Hongkong is still an important market for Salvatore Ferragamo.