MILAN — The house of Ferragamo has tapped Ernesto Greco as chief financial officer, a new post for the Florentine luxury goods house.
Greco, 57, will oversee the firm's financial and administrative operations. Prior to joining Ferragamo, Greco was chief executive officer of Natuzzi, a publically held sofa manufacturer, and was Bulgari's cfo for 16 years before that. Other work experience includes stints at Montedison SpA and Hewlett-Packard.
In light of Ferragamo's initial public offering planned for next year, ceo Michele Norsa described Greco as the perfect fit. "Thanks to his background, financial knowledge and familiarity with the markets, he is key to our growth plans," said Norsa.
Even before the IPO, Ferragamo is actively expanding and has two openings slated for next month: Troy, Mich., on Nov. 9 and Canoga Park, Calif. on Nov. 16. Other openings in the U.S. this year were in Riverside, N.J.; Boston; Philadelphia, and Scottsdale, Ariz.
The 3,100-square-foot-boutique in Canoga Park, the latest to be announced, will be in the Westfield Topanga shopping center and will feature an assortment of women's and men's ready-to-wear, shoes, leather and silk accessories, sunglasses, handbags and fragrances.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"