×
154
Fashion Jobs
PUMA
Senior Key Account Manager Running Nordic
Permanent · Solna
PUMA
Senior Marketing Manager Cobra Puma Golf Europe
Permanent · Solna
PUMA
Strategic Key Account Manager Pure Players
Permanent · Solna
H&M
Global Head of Marketing h&m Sport
Permanent · Stockholm
H&M
Project Leader For Material Certification And Material Trademark Within Group Compliance
Permanent · Stockholm
PUMA
Project Manager IT Sap
Permanent · Solna
H&M
Art Director – h&m Group Communications
Permanent · Stockholm
H&M
Data Analyst to Predictive Analytics Team @h&m Business Tech
Permanent · Stockholm
H&M
Data Analyst to an Inventory Optimization Team in Business Tech
Permanent · Stockholm
H&M
Business Minded Data Specialist to h&m Group
Permanent · Stockholm
H&M
Scrum Master (Service Now) to Support And Operations Toolings Team at h&m Business Tech
Permanent · Stockholm
H&M
we Are Looking For Business Intelligence Analysts to Group Expansion, h&m
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Cyber Security Trainer
Permanent · Stockholm
H&M
Security Advisor
Permanent · Stockholm
H&M
h&m is Looking For a Business Expert For Allocation Precision
Permanent · Stockholm
H&M
Power bi Specialist to Kpi Dashboards Within Business Tech
Permanent · Stockholm
H&M
ai Learning & Development Manager
Permanent · Stockholm
H&M
Import-Export Manager to h&m Distribution Centre in Eskilstuna
Permanent · Eskilstuna
H&M
Scrum Master to Support & Operation Tooling, Monitoring & Insights Team at h&m Business Tech
Permanent · Stockholm
H&M
Data Analyst to Allocation Precision Team to Business Tech
Permanent · Stockholm
H&M
Data Analyst to h&m Business Tech - Payments Area
Permanent · Stockholm
By
Ansa
Translated by
Nicola Mira
Published
Feb 12, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ferragamo’s China stores stay closed due to coronavirus as label funds art restorations in Florence

By
Ansa
Translated by
Nicola Mira
Published
Feb 12, 2020

“We fear a decrease in revenue. We don’t yet have an accurate estimate. Full monthly figures comparable with the same period of the previous year aren’t yet available. Many of our stores in China are closed, others are open with modified hours.” This was the response of Ferruccio Ferragamo, president of luxury label Salvatore Ferragamo, to questions about the impact of the coronavirus outbreak, in a press conference at Florence’s Palazzo Vecchio.


Foto: Comune di Firenze


Ferragamo confirmed that the effects “are felt on a daily basis, but it's too early to make any forecasts” for the medium and long term. “Many of our employees in China are staying at home and are still getting paid, so we have high costs and little revenue. We’re working on an emergency plan, but it’s still early days,” he added.

At the press conference, Salvatore Ferragamo presented the restoration project for the Renaissance statues of Florence's Piazza della Signoria, and for the bronze replica of Michelangelo’s marble ‘David’, located in piazza Michelangelo. The label is investing €1 million in the project over the course of three financial years (2019-2021), taking advantage of Italy's ‘Art bonus’ legislation.

The restoration work will be carried out between June 2020 and autumn 2021, and will involve statues by Renaissance sculptors Giambologna and Bandinelli, and several bronze replicas of other Renaissance works, including one of Michelangelo’s ‘David’.

“For our company, fashion and art have always been strongly linked,” said Ferragamo, adding that “when my father Salvatore started his business, he realised there is a close connection between the worlds of [art and fashion] in terms of research and creativity, and throughout his career he drew inspiration and brilliant insights from the various modes of artistic expression.”

Copyright © 2022 ANSA. All rights reserved.