Ferragamo Dynasty Explains Its Rules
As their wealth has grown, so have their business pursuits. Ferragamo and his brother Massimo, chairman of Ferragamo USA, both personal huge estates in Tuscany, Il Borro and Castiglion del Bosco, which are luxurious resorts and vineyards. Each year, the whole family gathers at Il Borro to discuss the business.
His father’s fervour for the United States nonetheless burns shiny. Even though Asia-Pacific is its largest market, ferragamo belt outlet calls the US, which makes up a fifth of ferragamo belt outlet’s gross sales, "our second house city".
"If I didn’t live in Italy I might dwell in the US," he says. He adds that his brother Massimo would never leave the US to return to Italy. "His kids are always saying, ‘when are we going back house?’ And he says, ‘no way’," he adds with a smile.
And what about his own kids? Bankers consider the company could possibly be ripe for takeover when the following technology assumes power regardless of all of the efforts by Salvatore Ferragamo’s widow and her children to ringfence the group.
James Ferragamo, certainly one of Ferruccio Ferragamo’s twin sons who works within the women’s leather-based products division of the business, is tipped to steer the family’s third generation into senior administration. Would he like his son to succeed him as chairman? "If it is the appropriate factor for the corporate.