Ferragamo CEO Marco Gobbetti Resigns Following Disappointing Sales

Gobbetti's departure, effective March 6, comes as the Italian luxury brand struggles to reverse declining revenue and seeks a new leader.

Marco Gobbetti, who joined Ferragamo in January 2022, will step down as CEO by mutual agreement, with Chairman Leonardo Ferragamo assuming interim executive powers.
Ferragamo has initiated the search for a new CEO to continue its brand renewal and heritage enhancement strategy.
The company reported an 8.2% drop in 2024 revenues, with significant declines in the Asia-Pacific market and its wholesale channel.
Gobbetti's tenure included efforts to reposition the brand, appointing Maximilian Davis as creative director and revamping the in-store experience, but progress fell short of expectations.
Ferragamo shares have declined sharply under Gobbetti's leadership, losing two-thirds of their value since his arrival in 2022.