Salvatore Ferragamo announced on Thursday that its Chief Financial Officer, Pierre La Tour, will leave the Italian luxury group on 26th September after serving in the role for a year and a half. The company said he is departing to pursue new professional opportunities.
Ferragamo confirmed that Paolo La Morgia, currently director of planning and control, will assume the role of interim CFO.
The Florence-based fashion house has been navigating a turbulent period following the departure of chief executive Marco Gobbetti in March. The leadership changes come amid persistent operational and strategic difficulties, including softer demand in Asia, weaker wholesale performance, and a net loss of around US $ 17.3 million recorded in the first half of 2025.
In response to these challenges, the company recently introduced what it described as a “focused action plan” aimed at repositioning the brand. The strategy involves streamlining its product portfolio, scaling back exposure to underperforming segments, and strengthening its creative direction. Ferragamo has indicated that the benefits of these measures are expected to become more visible towards the end of 2025 and into 2026.
Despite these efforts, investor sentiment has remained cautious, with Ferragamo’s shares under pressure since the beginning of the year. Analysts suggest that the departure of the CFO, alongside the ongoing leadership search, underscores the urgency of stabilising the group’s financial and strategic direction as it seeks to accelerate its transformation.
