Reading the Tea Leaves at Salvatore Ferragamo
MILAN — More questions than answers are swirling over Salvatore Ferragamo.
The confirmation of Paul Andrew’s exit from the Florence-based company effective in May left analysts scratching their heads once again — while barely moving shares on the Italian Stock Exchange on Thursday, as they closed down 1.22 percent to 16.24 euros. WWD was the first to report in January that market sources indicated Andrew’s contract was up at the end of February and that Ferragamo would not renew it.
The Ferragamos…
