Feb 3, 2025

Salvatore Ferragamo CEO Marco Gobbetti Steps Down Amid Ongoing Challenges

Italian luxury goods group Salvatore Ferragamo has announced that its CEO Marco Gobbetti will be stepping down next month after a tenure exceeding three years. For further details, read the full report here. The search for a new chief executive has commenced, with Chairman Leonardo Ferragamo assuming temporary executive responsibilities alongside an advisory committee following Gobbetti's departure on March 6.

Gobbetti's arrival at Ferragamo in early 2022, after leading Burberry, was timed to address the substantial impact of the COVID-19 pandemic on the Florentine brand, notably more severe than its competitors. However, the planned revitalization efforts have encountered obstacles. The group continues to struggle with declining sales, notably in Asia, as the global luxury goods demand shows signs of cooling.

According to data from IndexBox, the global luxury market is projected to expand moderately, but unforeseen economic factors and changing consumer preferences could affect this trajectory. A notable downturn was highlighted a year ago when Ferragamo reported an 8% sales decrease for 2023, prompting Gobbetti to caution that the turnaround ambitions might require more time than initially intended.

The third quarter of the previous year saw a 7.2% revenue drop at constant currencies, leading Gobbetti to guide expectations towards the lower end of analysts' profit forecasts for 2024. This challenging sales environment underscores the complexities faced by traditional luxury brands in adapting to post-pandemic consumer behaviors and market dynamics.

Source: IndexBox Market Intelligence Platform

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND THE AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and its Prospects
1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
3. MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

Finding New Products to Diversify Your Business
- This Chapter is Available Only for the Professional EditionPRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCTS
4. MOST TRADED PRODUCTS
5. MOST PROFITABLE PRODUCTS FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
- This Chapter is Available Only for the Professional EditionPRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Export
- This Chapter is Available Only for the Professional EditionPRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS

The Largest Import Supplying Countries
1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
9. EXPORTS

The Largest Destinations for Exports
1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
- This Chapter is Available Only for the Professional EditionPRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
4. Per Capita Consumption, by Country, 2022–2024
5. Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
6. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
7. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
8. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
9. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
10. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
11. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
LIST OF FIGURES
1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
3. Consumption, by Country, 2024
4. Market Volume Forecast to 2035
5. Market Value Forecast to 2035
6. Market Size and Growth, By Product
7. Average Per Capita Consumption, By Product
8. Exports and Growth, By Product
9. Export Prices and Growth, By Product
10. Production Volume and Growth
11. Exports and Growth
12. Export Prices and Growth
13. Market Size and Growth
14. Per Capita Consumption
15. Imports and Growth
16. Import Prices
17. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
18. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
19. Production, by Country, 2024
20. Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
21. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
22. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
25. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
26. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
27. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
28. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
31. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
32. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)