Ferragamo Chairman Rules Out Sale of Iconic Brand

  • Ferruccio Ferragamo points to ‘good news’ on horizon for brand
  • Womenswear designer Paul Andrew is tapped as creative director
Ferruccio FerragamoPhotographer: Kiyoshi Ota/Bloomberg
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Ferruccio Ferragamo, chairman of the luxury clothing and accessories company Salvatore Ferragamo SpA, ruled out a sale of the brand.

“I’m in love with this company and it’s not for sale,” Ferragamo said Saturday at the brand’s autumn-winter fashion show in Milan. “There’s a lot of energy in the brand. We have a lot of programs coming to turn that energy into good news in the coming weeks and months.”