Ferruccio Ferragamo
Business on a handshake fits Ferragamo just fine
Italian luxury fashion house Ferragamo has done business the old-fashioned way for decades with the factories that make its goods – "a firm handshake and a look in the eye".
And this very Italian way of doing business will continue even amid technological change and cost pressures, according to company chairman Ferruccio Ferragamo, who visited Hong Kong late last year.
Ferragamo accelerate expansion with directly operated stores
In an interview to Italian daily Corriere della Sera, Ferruccio Ferragamo, President of Salvatore Ferragamo confirmed his company's expansion strategy through directly operated stores.
Speaking about Japan, Ferruccio Ferragamo stressed that it is an important market with great potential which should not be under-evaluated, especially given its strong affinity for Italian made luxury brands. In Japan, Ferragamo has been operating under a majority owned (60 percent) joint venture with Mitsubishi and Aoi Group.
