Leadership Transition at Salvatore Ferragamo: CEO Marco Gobbetti to Depart

Salvatore Ferragamo S.p.A. has announced that CEO Marco Gobbetti will step down on March 6, concluding a mutual agreement to terminate his leadership role. Gobbetti, who joined Ferragamo in January 2022, focused on revitalizing the brand through strategic renewal and product innovation. His efforts included organizational restructuring to better position Ferragamo in the luxury market. Despite these changes, the company faced a 10.5 percent revenue drop in 2024, influenced by declines in wholesale and the Asia-Pacific region. The departure marks a significant transition for Ferragamo as it navigates the challenges of the global luxury sector.

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