Banca Monte dei Paschi di Siena
Banca Monte dei Paschi di Siena S.p. A. known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 and founded in its present form in 1624, it is the world's oldest or second oldest bank, depending on the definition, the fourth largest Italian commercial and retail bank. In 1995 the bank known as Monte dei Paschi di Siena, was transformed from a statutory corporation to a limited company called Banca Monte dei Paschi di Siena; the Fondazione Monte dei Paschi di Siena was created to continue the charitable functions of the bank and to be, until the bailout in 2013, its largest single shareholder. Today Banca MPS has 2,000 branches, 26,000 employees and 5.1 million customers in Italy, as well as branches and businesses abroad. A subsidiary, MPS Capital Services, handles corporate and investment banking. According to a research by Mediobanca and a press release by Banco BPM, Banco BPM overtook BMPS as the third largest commercial bank in terms of total assets on 31 December 2016, after Banco BPM formal formation on 1 January 2017.
In 2016–17, BMPS was struggling to avoid a collapse, was bailed out again by the Italian government in July 2017. On 5 October, Monte dei Paschi di Siena announced the sale of its Belgian subsidiary, Banca Monte Paschi Belgio to a company participated by funds managed by Warburg Pincus; the sale price was set at €42 million, subject to an adjustment mechanism. Banca Monte dei Paschi di Siena traces its history to a mount of piety founded by order of the Magistrature of the Republic of Siena on 4 March 1472, when its statute was approved, it is therefore regarded the oldest bank in the world still operating. The basis of its foundation is the Statuto dei Paschi, written in 1419, a law that regulated all activities related to agriculture and pastoralism in Maremma, its current form dates from 1624, when Siena was incorporated into the Grand Duchy of Tuscany and Grand Duke Ferdinando II granted to depositors of Monte, in their warranty, the income of the state-owned pastures of Maremma. The bank increased its banking activity during the 17th and 18th centuries.
With the unification of Italy, the bank expanded its business throughout the Italian peninsula, initiating new activities, including mortgage loans, the first experience in Italy. MPS was involved in the bail-out of Cassa di Risparmio di Prato, becoming the major shareholder. In 1995, a decree of the Ministry of the Treasury of the Italian Republic dated 8 August 1995, gave rise to two institutions: Banca Monte dei Paschi di Siena S.p. A. and Fondazione Monte dei Paschi di Siena, a non-profit organization with the statutory purpose of providing assistance and social utility in the fields of education, science and art with reference to the city and the province of Siena. On 25 June 1999, Banca Monte dei Paschi di Siena was listed on the Italian Stock Exchange. After its debut on the Italian Stock Exchange, the bank began an intense phase of commercial and operational expansion; the bank acquired some regional banks: Banca Agricola Mantovana and Banca del Salento, while subsidiary Banca Toscana was absorbed.
In 2003, the controlling interests of Cassa di Risparmio di Prato was sold to Banca Popolare di Vicenza in March 2003 for €411.2 million. The bank had started a process to reinforce the structures of production in strategic market segments through the development of product companies: Consum.it in the sector of consumer credit MPS Leasing and Factoring in the parabanking sector MPS Finance in investment banking MP Asset Management SGR in managed savings MPS Bsersonale in financial promotion MPS Banca per l'Impresa in credit for businesses and corporate finance servicesAt the same time, the bank upgraded its commercial productivity, with the aim of improving the level of assistance and consultancy to investors and businesses, updated its activities in private banking and in private pension plans. At the conclusion of this plan of expansion, the bank implemented a vast program of opening new branches of the Group, with more than 2,000 branches. In order to finance this expansion model, the bank entered into some derivatives that were hidden: operations Santorini in 2002 and Alexandria in 2006.
On 8 November 2007, Monte dei Paschi di Siena announced that it had reached an agreement with Banco Santander to buy Banca Antonveneta for €9 billion excluding the subsidiary Interbanca, owned by the Spanish bank. Antonveneta is the bank that after the Bancopoli scandal was acquired by ABN AMRO and was supposed to go to Banco Santander after the purchase of the Dutch bank by the consortium of RBS, Fortis. From February 2007 to June 2008 Banca MPS sold all the shares in Finsoe, an intermediate holding company of Unipol Group, for €584.8 million. In 2008, Quadrifoglio Vita, a joint venture insurance company of Unipol and Banca Agricola Mantovana, was acquired by AXA from Unipol via Banca MPS, Banca Agricola Mantovana was absorbed into Banca MPS. Banca MPS acquired regional bank Cassa di Risparmio di Biella e Vercelli from Intesa Sanpaolo in December 2007 for about €399 million. In the wake of rising yields and declining valuations on Italian government debt in the European sovereign-debt crisis, MPS lost over $2 billion in the first half of 2012, had to recapitalize, faced restructuring or worse.
The majority owner until the recapitalization, the Fondazione Monte dei Paschi di Siena, long resisted issuing new capital which would dilute its holding. In September 2012 after the dilution, the bank "appear poised" to give the national gov
Ferrari is an Italian luxury sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 out of Alfa Romeo's race division as Auto Avio Costruzioni, the company built its first car in 1940. However, the company's inception as an auto manufacturer is recognized in 1947, when the first Ferrari-badged car was completed. In 2014, Ferrari was rated the world's most powerful brand by Brand Finance. In June 2018, the 1964 250 GTO became the most expensive car in history, setting an all-time record selling price of $70 million. Fiat S.p. A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. In October 2014 Fiat Chrysler Automobiles N. V. announced its intentions to separate Ferrari S.p. A. from FCA. The separation began in October 2015 with a restructuring that established Ferrari N. V. as the new holding company of the Ferrari group and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange. Through the remaining steps of the separation, FCA's interest in Ferrari's business was distributed to shareholders of FCA, with 10% continuing to be owned by Piero Ferrari.
The spin-off was completed on 3 January 2016. Throughout its history, the company has been noted for its continued participation in racing in Formula One, where it is the oldest and most successful racing team, holding the most constructors championships and having produced the highest number of drivers' championship wins. Ferrari road cars are seen as a symbol of speed and wealth. Enzo Ferrari was not interested in the idea of producing road cars when he formed Scuderia Ferrari in 1929, with headquarters in Modena. Scuderia Ferrari means "Ferrari Stable" and is used to mean "Team Ferrari." Ferrari bought and fielded Alfa Romeo racing cars for gentleman drivers, functioning as the racing division of Alfa Romeo. In 1933, Alfa Romeo withdrew its in-house racing team and Scuderia Ferrari took over as its works team: the Scuderia received Alfa's Grand Prix cars of the latest specifications and fielded many famous drivers such as Tazio Nuvolari and Achille Varzi. In 1938, Alfa Romeo brought its racing operation again in-house, forming Alfa Corse in Milan and hired Enzo Ferrari as manager of the new racing department.
In September 1939, Ferrari left Alfa Romeo under the provision he would not use the Ferrari name in association with races or racing cars for at least four years. A few days he founded Auto Avio Costruzioni, headquartered in the facilities of the old Scuderia Ferrari; the new company ostensibly produced machine tools and aircraft accessories. In 1940, Ferrari produced a race car – the Tipo 815, based on a Fiat platform, it was the first Ferrari car and debuted at the 1940 Mille Miglia, but due to World War II it saw little competition. In 1943, the Ferrari factory moved to Maranello, where it has remained since; the factory was bombed by the Allies and subsequently rebuilt including a works for road car production. The first Ferrari-badged car was the 1947 125 S, powered by a 1.5 L V12 engine. The Scuderia Ferrari name was resurrected to denote the factory racing cars and distinguish them from those fielded by customer teams. In 1960 the company was restructured as a public corporation under the name SEFAC S.p.
A.. Early in 1969, Fiat took a 50% stake in Ferrari. An immediate result was an increase in available investment funds, work started at once on a factory extension intended to transfer production from Fiat's Turin plant of the Ferrari engined Fiat Dino. New model investment further up in the Ferrari range received a boost. In 1988, Enzo Ferrari oversaw the launch of the Ferrari F40, the last new Ferrari launched before his death that year. In 1989, the company was renamed Ferrari S.p. A. From 2002 to 2004, Ferrari produced the Enzo, their fastest model at the time, introduced and named in honor of the company's founder, Enzo Ferrari, it was to be called the F60, continuing on from the F40 and F50, but Ferrari was so pleased with it, they called it the Enzo instead. It was offered to loyal and recurring customers, each of the 399 made had a price tag of $650,000 apiece. On 15 September 2012, 964 Ferrari cars attended the Ferrari Driving Days event at Silverstone Circuit and paraded round the Silverstone Circuit setting a world record.
Ferrari's former CEO and Chairman, Luca di Montezemolo, resigned from the company after 23 years, succeeded by Amedeo Felisa and on 3 May 2016 Amedeo resigned and was succeeded by Sergio Marchionne, CEO and Chairman of Fiat Chrysler Automobiles, Ferrari's parent company. In July 2018, Marchionne was replaced by board member Louis Camilleri as CEO and by John Elkann as chairman. On 29 October 2014, the FCA group, resulting from the merger between manufacturers Fiat and Chrysler, announced the split of its luxury brand, Ferrari; the aim is to turn Ferrari into an independent brand which 10% of stake will be sold in an IPO in 2015. Ferrari priced its initial public offering at $52 a share after the market close on 20 October 2015. Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of categories including Formula One and sports car racing through its Scuderia Ferrari sporting division as well as supplying cars and engines to other t
Italy the Italian Republic, is a country in Southern Europe. Located in the middle of the Mediterranean Sea, Italy shares open land borders with France, Austria and the enclaved microstates San Marino and Vatican City. Italy covers an area of 301,340 km2 and has a temperate seasonal and Mediterranean climate. With around 61 million inhabitants, it is the fourth-most populous EU member state and the most populous country in Southern Europe. Due to its central geographic location in Southern Europe and the Mediterranean, Italy has been home to a myriad of peoples and cultures. In addition to the various ancient peoples dispersed throughout modern-day Italy, the most famous of which being the Indo-European Italics who gave the peninsula its name, beginning from the classical era and Carthaginians founded colonies in insular Italy and Genoa, Greeks established settlements in the so-called Magna Graecia, while Etruscans and Celts inhabited central and northern Italy respectively; the Italic tribe known as the Latins formed the Roman Kingdom in the 8th century BC, which became a republic with a government of the Senate and the People.
The Roman Republic conquered and assimilated its neighbours on the peninsula, in some cases through the establishment of federations, the Republic expanded and conquered parts of Europe, North Africa and the Middle East. By the first century BC, the Roman Empire emerged as the dominant power in the Mediterranean Basin and became the leading cultural and religious centre of Western civilisation, inaugurating the Pax Romana, a period of more than 200 years during which Italy's technology, economy and literature flourished. Italy remained the metropole of the Roman Empire; the legacy of the Roman Empire endured its fall and can be observed in the global distribution of culture, governments and the Latin script. During the Early Middle Ages, Italy endured sociopolitical collapse and barbarian invasions, but by the 11th century, numerous rival city-states and maritime republics in the northern and central regions of Italy, rose to great prosperity through shipping and banking, laying the groundwork for modern capitalism.
These independent statelets served as Europe's main trading hubs with Asia and the Near East enjoying a greater degree of democracy than the larger feudal monarchies that were consolidating throughout Europe. The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science and art. Italian culture flourished, producing famous scholars and polymaths such as Michelangelo, Leonardo da Vinci, Raphael and Machiavelli. During the Middle Ages, Italian explorers such as Marco Polo, Christopher Columbus, Amerigo Vespucci, John Cabot and Giovanni da Verrazzano discovered new routes to the Far East and the New World, helping to usher in the European Age of Discovery. Italy's commercial and political power waned with the opening of trade routes that bypassed the Mediterranean. Centuries of infighting between the Italian city-states, such as the Italian Wars of the 15th and 16th centuries, left the region fragmented, it was subsequently conquered and further divided by European powers such as France and Austria.
By the mid-19th century, rising Italian nationalism and calls for independence from foreign control led to a period of revolutionary political upheaval. After centuries of foreign domination and political division, Italy was entirely unified in 1871, establishing the Kingdom of Italy as a great power. From the late 19th century to the early 20th century, Italy industrialised, namely in the north, acquired a colonial empire, while the south remained impoverished and excluded from industrialisation, fuelling a large and influential diaspora. Despite being one of the main victors in World War I, Italy entered a period of economic crisis and social turmoil, leading to the rise of a fascist dictatorship in 1922. Participation in World War II on the Axis side ended in military defeat, economic destruction and the Italian Civil War. Following the liberation of Italy and the rise of the resistance, the country abolished the monarchy, reinstated democracy, enjoyed a prolonged economic boom and, despite periods of sociopolitical turmoil became a developed country.
Today, Italy is considered to be one of the world's most culturally and economically advanced countries, with the sixth-largest worldwide national wealth. Its advanced economy ranks eighth-largest in the world and third in the Eurozone by nominal GDP. Italy owns the third-largest central bank gold reserve, it has a high level of human development, it stands among the top countries for life expectancy. The country plays a prominent role in regional and global economic, military and diplomatic affairs. Italy is a founding and leading member of the European Union and a member of numerous international institutions, including the UN, NATO, the OECD, the OSCE, the WTO, the G7, the G20, the Union for the Mediterranean, the Council of Europe, Uniting for Consensus, the Schengen Area and many more; as a reflection
The FTSE MIB is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 most-traded stock classes on the exchange; the index was administered by Standard & Poor's from its inception until June 2009, when this responsibility was passed to FTSE Group, 100% owned by the Borsa Italiana's parent company London Stock Exchange Group. Both intraday and closing high are 50,109.00 in 6 March 2000. As of 15 January 2019: FTSE Italia Mid Cap Yahoo Finance page for FTSE MIB Components of the MIB index from Borsa Italiana
Ponte Morandi Viadotto Polcevera, is a road viaduct on the A10 motorway in Genoa. It is managed by Atlantia S.p. A. A holding company operating toll motorways and airports controlled by the Benetton family. Located on one of the major links from Italy to France and part of the European route E80, the viaduct links the Sampierdarena and Cornigliano districts of Genoa crossing Polcevera valley, it was built between 1963 and 1967, costing ₤3.8 billion and opened on 4 September 1967. It was but unofficially named "Ponte Morandi" from its designer's name, civil engineer Riccardo Morandi; the official name comes from the river Polcevera. On 14 August 2018, a partial collapse blamed on corrosion in the cable stays killed 43 people who were crossing the bridge at the time; the disaster caused a major political controversy about the poor state of infrastructure in Italy, raised wider questions about the condition of bridges across Europe. It was decided that the bridge would not be repaired but demolished.
Demolition began in February 2019. The bridge was designed by Riccardo Morandi, it is similar to his earlier 1957 design for the General Rafael Urdaneta Bridge in Venezuela, except for the stays, which in the Venezuelan bridge are not covered with prestressed concrete. The Ponte Morandi is a cable-stayed bridge characterised by a prestressed concrete structure for the piers and deck few stays, as few as two per span, a hybrid system for the stays constructed from steel cables with prestressed concrete shells poured on; the concrete was only prestressed to 10 MPa, resulting in it being prone to cracks and water intrusion, which caused corrosion of the embedded steel. The viaduct was built between 1967 by the Società Italiana per Condotte d'Acqua, it had a length of 1,182 metres, a height of 45 metres at road level, three reinforced concrete pylons reaching 90 metres in height. It featured diagonal cable-stays, with the vertical trestle-like supports made up of sets of Vs: one set carrying the roadway deck, while the other pair of inverted Vs supported the top ends of two pairs of diagonal stay cables.
The viaduct was opened on 4 September 1967 in the presence of Italian President Giuseppe Saragat. The bridge had been subject to continual restoration work since the 1970s due to an incorrect initial assessment of the effects of creep of the concrete; this resulted in excessive deferred displacement of the vehicle deck so that it was neither level nor flat. Only after continual measurement and associated structural works was the vehicle deck considered acceptable, approaching horizontal by the mid-1980s. In a 1979 report, Morandi himself recommended: "remove all traces of rust on the exposure of the reinforcements, fill the patches with epoxy resin, cover everything up with elastomer of high chemical resistance". In the 1990s, the tendons on pillar 11 appeared to be most damaged. About 30% of the tendons had corroded away; the load of the bridge was 7000 kg per tendon, while the tendons were capable of carrying 15000 kg. A single truck can weigh as much as 44000 kg; as of the collapse of the bridge, only pillar 11 had been internally inspected in the 1990s, showing severed and oxidized strands.
From 1990 onward, the easternmost pillar 11 had its stays strengthened by flanking them with external steel cables. Pillar 10 had the stays at the top strengthened with steel sheathing in the 1990s. Following the collapse many questions have been raised about the stays. In 1979/1980, Morandi's similar bridge in Venezuela suffered one or more stay cable failures with collapse imminent; the former Italian Minister of Infrastructures and Transport Graziano Delrio, in charge until 1 June 2018, was informed several times during 2016 in the Italian Parliament that the Morandi Bridge needed maintenance. In Genoa, in 2017, a confidential university report noted disparities in the behaviour of the stays of the now collapsed pillar 9; the minutes of a February 2018 government meeting reported that resistance and reflectometry measurements had been performed indicating an "average" reduction of the cross section of 10 to 20% of the tendons. A crack in the road had appeared at least fourteen days before the collapse, near one of the southern stays of the now collapsed pillar 9.
The crack may have indicated. At no point was there a suggestion to reduce the load on the bridge. Traditionally, bridges were only designed for a 50-year life span. On 3 May 2018, the Autostrade Company had announced a call for tenders for a structural upgrade of the viaduct to the value of €20,159,000, with a deadline of 11 June 2018; the work on the reinforcement of the stays on pillars 9 and 10 would have needed to be finished within 5 years. Workers were installing new heavy concrete Jersey barriers on the Ponte Morandi before it collapsed, reducing the low compressive pre-stress on the concrete of the stays and increasing the loads. In 2017, Carmelo Gentile and Antonello Ruccolo of the Polytechnic University of Milan studied the modal frequencies and deformations of the stays of the bridge. On pillar 9 they could only identify 4 global modes, the deformations of two of these identified modes were not compliant. Modal frequencies were more than 10% different on the southern stays. In pre-stressed concrete beams such a difference can represent the entire effect of the non-linear pre-stresses.
As little as a 2% shift could represent severe damage. The pre-stress in the Ponte Morandi has been characterized as small from the star
The chairman is the highest officer of an organized group such as a board, a committee, or a deliberative assembly. The person holding the office is elected or appointed by the members of the group, the chairman presides over meetings of the assembled group and conducts its business in an orderly fashion. In some organizations, the chairman position is called president, in others, where a board appoints a president, the two different terms are used for distinctly different positions. Other terms sometimes used for the office and its holder include chair, chairwoman, presiding officer, moderator and convenor; the chairman of a parliamentary chamber is called the speaker. The term chair is sometimes used in lieu of chairman, in response to criticisms that using chairman is sexist, it is used today, has been used as a substitute for chairman since the middle of the 17th century, with its earliest citation in the Oxford English Dictionary dated 1658–1659, only four years after the first citation for chairman.
Major dictionaries state that the word derives from a person. A 1994 Canadian study found the Toronto Star newspaper referring to most presiding men as "chairman", to most presiding women as "chairperson" or as "chairwoman"; the Chronicle of Higher Education uses "chairman" for men and "chairperson" for women. An analysis of the British National Corpus found chairman used 1,142 times, chairperson 130 times and chairwoman 68 times; the National Association of Parliamentarians adopted a resolution in 1975 discouraging the use of “chairperson” and rescinded it in 2017. The Wall Street Journal, The New York Times and United Press International all use "chairwoman" or "chairman" when referring to women, forbid use of "chair" or of "chairperson" except in direct quotations. In World Schools Style debating, male chairs are called "Mr. Chairman" and female chairs are called "Madame Chair"; the FranklinCovey Style Guide for Business and Technical Communication, as well as the American Psychological Association style guide, advocate using "chair" or "chairperson", rather than "chairman".
The Oxford Dictionary of American Usage and Style suggests that the gender-neutral forms are gaining ground. It advocates using "chair" to refer both to women; the Telegraph style guide bans the use of both "Chair" and "Chairperson" on the basis that "Chairman" is correct English. The word chair can refer to the place from which the holder of the office presides, whether on a chair, at a lectern, or elsewhere. During meetings, the person presiding is said to be "in the chair" and is referred to as "the chair". Parliamentary procedure requires that members address the "chair" as "Mr. Chairman" rather than using a name – one of many customs intended to maintain the presiding officer's impartiality and to ensure an objective and impersonal approach. In the United States, the presiding officer of the lower house of a legislative body, such as the House of Representatives, is titled the Speaker, while the upper house, such as the Senate, is chaired by a President. In his 1992 State of the Union address, then-U.
S. President George H. W. Bush used "chairman" for men and "chair" for women. In the British music hall tradition, the Chairman was the master of ceremonies who announced the performances and was responsible for controlling any rowdy elements in the audience; the role was popularised on British TV in the 1960s and 1970s by Leonard Sachs, the Chairman on the variety show The Good Old Days."Chairman" as a quasi-title gained particular resonance when socialist states from 1917 onward shunned more traditional leadership labels and stressed the collective control of soviets by beginning to refer to executive figureheads as "Chairman of the X Committee". Vladimir Lenin, for example functioned as the head of Soviet Russia not as tsar or as president but in roles such as "Chairman of the Council of People's Commissars of the Russian SFSR". Note in particular the popular standard method for referring to Mao Zedong: "Chairman Mao". In addition to the administrative or executive duties in organizations, the chairman has the duties of presiding over meetings.
Such duties at meetings include: Calling the meeting to order Determining if a quorum is present Announcing the items on the order of business or agenda as they come up Recognition of members to have the floor Enforcing the rules of the group Putting questions to a vote Adjourning the meetingWhile presiding, the chairman should remain impartial and not interrupt a speaker if the speaker has the floor and is following the rules of the group. In committees or small boards, the chairman votes along with the other members. However, in assemblies or larger boards, the chairman should vote only when it can affect the result. At a meeting, the chairman only has one vote; the powers of the chairman vary across organizations. In some organizations the chairman has the authority to hire staff and make financial decisions, while in others the chairman only makes recommendations to a board of directors, still others the chairman has no executive powers and is a spokesman for the organization; the amount of power given to the chairman depends on the type of organization, its structure, the rules it has created for itself.
If the chairman exceeds the given authority, engages in misconduct, or fails to perform t
Salvatore Ferragamo S.p.A.
Salvatore Ferragamo S.p. A. is an Italian luxury goods company, with headquarters in Italy. It specializes in shoes, leather goods, Swiss-made timepieces, ready-to-wear for men and women; the company watches. It is the parent company of the Ferragamo Group which employs about 4,000 persons and maintains a network of over 685 mono-brand stores, it runs operations in Italy and worldwide. Salvatore Ferragamo emigrated from southern Italy to the US, first to Boston and California in 1914, he opened the Hollywood Boot Shop in 1923 and made shoes for movie stars such as Joan Crawford and Gloria Swanson, as well as for films such as Cecil B. DeMille's feature film The Ten Commandments, he returned to Italy and set up a shoe shop in Florence in 1927. The current shoemaking company regards 1928 as the date of its foundation, it therefore celebrated its 80th anniversary in 2008. Salvatore Ferragamo filed for bankruptcy in 1933, during the Great Depression, but by 1938 he was in a position to buy the Palazzo Spini Feroni, one of the great palaces of Florence.
This houses a museum dedicated to Ferragamo's life and work. The company flourished after World War II, expanding the workforce to 700 craftsmen producing 350 pairs of handmade shoes a day. After Salvatore's death in 1960, his widow Wanda took over the running of the business and expanded its operations to include eyewear, belts, bags, a ready to wear clothing line; the company's majority owners remain the Ferragamo family, which in November 2006 included Salvatore's widow Wanda, five children, 23 grandchildren and other relatives. There is a rule that only three members of the family can work at the company, prompting fierce competition. To ease these tensions, in September 2006, the family announced a plan to float 48% of the company on the stock market, since October 2006 Michele Norsa has served as managing and general director. However, as of January 2008, this plan may be on put on hold in the midst of the downturn in the financial market. If the listing on the stock market proceeds, the fund will be directed towards building its positions in China.
The company is holding its 80th birthday exhibition in Shanghai. In 2011 the company was listed on the stock exchange; as of December 31, 2016, the Salvatore Ferragamo Group's retail network consisted of 402 directly operated stores, while the wholesale and travel retail channel included 281 third party operated stores, as well as presence in major department stores and high-end multi-brand specialty stores. As of 31 December 2017, the Group's Retail network counted on a total of 685 points of sales, including 410 Directly Operated Stores and 275 Third Party Operated Stores; as of 31 December 2018, the Group's Retail network counted on a total of 672 points of sales,including 409 Directly Operated Stores and 263 Third Party Operated Stores. On August 2, 2016 Eraldo Poletto was appointed as new CEO of the group. On March 8, 2017 conclusion of the relation with Poletto granted interim management powers to the Chairman, Ferruccio Ferragamo. On July 31, 2018 Micaela le Divelec is appointed as new CEO of the group.
Throughout its history, the company has been known for use of materials. Such ingenuity goes back to Salvatore's time in California, when he studied anatomy to make shoes which were more comfortable. Notable innovations include the wedge heel, the shell-shaped sole, the ‘invisible’ sandal, metal heels and soles, the 18-carat gold sandal, the sock-shoe, sculpture heels, the gloved arch shoe created for the Maharani of Cooch Behar in 1938. Metal-reinforced stiletto heels were made famous by Marilyn Monroe; the company is known for the ‘Gancini’ decoration, the ‘Vara’ patent ballet pump, the Salvatore bag and the use of patchwork. It makes eyewear and watches in partnership with Marchon and Timex Group. Salvatore worked with film celebrities from his earliest days in Hollywood. Clients over the years included Audrey Hepburn, Sophia Loren and Greta Garbo, as well as Andy Warhol, Lil Uzi Vert, Grace Mugabe and Diana, Princess of Wales; the company made Margaret Thatcher's famous handbags and for King Jigme Khesar Namgyal Wangchuck during the coronation on November 6, 2008 in Thimpu, Bhutan.
Wanda Ferragamo Miletti: has led the group since 1960, when her husband and founder of the company, died. She was Honorary Chairwoman until her death. Ferruccio Ferragamo: Chairman of the Company. Micaela Le Divelec Lemmi: CEO of Salvatore Ferragamo S.p. A. Giovanna Gentile Ferragamo: serves on the Boards of Directors of Salvatore Ferragamo S.p. A. Leonardo Ferragamo: since 2000, he has served as CEO of Palazzo Feroni Finanziaria S.p. A, the family’s holding company. Executive Vice President of Fondazione Ferragamo Massimo Ferragamo: he is Chairman of Ferragamo USA, the Ferragamo company that has handled the brand’s distribution in North America since the 1950s. James Ferragamo: is Vice-Chairman and Brand and Product Director of the Company Angelica Visconti: South Europe Director Diego di San Giuliano: Vice Chairman of the group’s holding company Ferragamo Finanziaria S.p. A.. November 2016 a new structure of the creative departements of the group with the entrance of Paul Andrew named Design Director of Women's Footwear, Fulvio Rigoni named Design director of Women's RTW, Guillame Meilland named Men's RTW Design director In October 2017 after the departure of Fulvio Rigoni, Paul Andrew is appointed Creative Director of the Women’s Collection.
In February 2019 Paul Andrew has been appointed Creative Director for all the Salvatore Ferragamo lines. Salvatore Ferragamo, the company's namesake and founder Official websi