Ferragamo and CEO Marco Gobbetti to Part Ways

Luisa Zargani

3 February 2025 at 0:19 pm·1-min read

MILAN — Salvatore Ferragamo SpA revealed on Monday that it had reached an agreement with chief executive officer Marco Gobbetti to mutually terminate their employment and directorship relationships, effective March 6.

“I would like to thank Marco Gobbetti, who in recent years has set up and developed a significant brand renewal and evolution activity, as well as significant product innovation and brand positioning, while also carrying out important work on the organizational evolution of the company and the group, which is the basis for continuing the renewal strategy,” stated chairman Leonardo Ferragamo.

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Gobbetti joined Ferragamo from Burberry in January 2022, succeeding Micaela Le Divelec Lemmi. He had been Burberry’s CEO from July 2017. Early in his career Gobbetti served as CEO of Moschino, and later spent 13 years at LVMH Moët Hennessy Louis Vuitton, where he was CEO of Givenchy, working with Riccardo Tisci. He later decamped to Celine, where he worked with Phoebe Philo.

Last week, Ferragamo reported a revenue decrease of 10.5 percent in 2024 to 1.04 billion euros, led by its wholesale channel and the Asia-Pacific market, which fell 19.7 percent in 2024.

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