Under a new owner, since the end of last year, fashion continues to be central for Timex Group’s Luxury Division, which produces watches for labels such as Salvatore Ferragamo and Versace, explains president and CEO Paolo Marai.
Ferruccio Ferragamo will be succeeded by his brother Leonardo on April 22, while executive vice chairman Michele Norsa and CEO Micaela Le Divelec Lemmi will stay on, contrary to rumors circulating for month.
The luxury fashion is entering the world of gaming to promote its spring 2021 collection.
Donald Kohler, who joined Ferragamo as CEO of the Americas region and chief retail officer in 2017, is leaving and the group’s CEO Micaela le Divelec Lemmi will take on his role in the interim.
Executive vice chairman Michele Norsa said during a call with analysts he could not comment on reports about his exit or that of CEO Micaela le Divelec Lemmi.
Taking inspiration from sci-fi movies, the brand developed a groundbreaking project, mixing virtual and physical reality.
The lawsuit was filed in the U.S. District Court for the Western District of Washington and alleges the defendants conspired to use Ferragamo’s registered trademarks without authorization, offering the counterfeit products on Amazon.
The luxury house is launching capsules for the Chinese New Year and Valentine’s Day working with artists on a series of multimedia artworks.
Revenues at the Florence-based luxury group fell 33.5 percent in 2020, although the performance improved in the last quarter.
Bluebell Group is more confident than ever about the Asian consumer as it further expands into new markets.