MORE FERRAGAMO CHANGES?: May Salvatore Ferragamo be mulling a change of design course? Market sources consider the Florence-based luxurious firm won’t renew inventive director Paul Andrew’s contract. The contract is alleged to run out on the finish of February, after the model’s fall 2021 assortment to be introduced throughout Milan Vogue Week.
One supply, nevertheless, contends that Ferragamo’s board has not but decided relating to the inventive course of the model. Requested by WWD about Andrew’s contract, the corporate declined remark. Ferragamo will report preliminary 2020 revenues on Jan. 28 and is in a black-out interval.
Andrew was promoted to the function of creative director in February 2019. The designer joined Ferragamo in September 2016 as ladies’s footwear director and was promoted a 12 months later to ladies’s inventive director.
In 2014, he was named winner of the CFDA/Vogue Vogue Fund, changing into the primary footwear designer to obtain the highest honor. He labored at Donna Karan for practically a decade — rising to the function of vice chairman, design, sneakers and equipment. Previous to working with Karan, Andrew held design roles at Calvin Klein and Narciso Rodriguez. He has additionally labored at Alexander McQueen.
As reported, Ferragamo Finanziaria SpA, which controls Salvatore Ferragamo, revealed final week it was cutting back the number of family members on the board of Salvatore Ferragamo and growing the variety of unbiased administrators, giving a mandate to an government search agency to finish the method.
WWD reported that market sources consider Michele Norsa, who joined the Salvatore Ferragamo company in Could 2020 and whose contract is alleged to run out on the time of the annual assembly, will exit Salvatore Ferragamo, as will chief government officer Micaela Le Divelec Lemmi. A extra unbiased board, appointed by professionals, results in extra hypothesis a few attainable sale of the corporate, though the Ferragamos have repeatedly denied that.