Paul Andrew steps down as Ferragamo inventive director
MILAN (AP) — Designer Paul Andrew is stepping down as inventive director of Salvatore Ferragamo, efficient in Could, the style home mentioned Thursday.
Andrew joined the Florence-based firm as ladies’s footwear designer in 2016 and was promoted to inventive director for all classes in 2019.
“After 5 years, with pleasure and a heavy coronary heart, I’ve determined it’s time for a brand new problem,’’ Andrew mentioned in a publish on Instagram. “It’s been a real honor to present new life to Salvatore’s legacy, his genius design and ground-breaking innovation. I’ll at all times be thankful for this chance, and happy with the work I’ve achieved.”
Ferragamo mentioned upcoming collections will likely be entrusted to the present in-house design group. CEO Micaela le Divelec Lemmi thanked Andrew for his “ardour” and for “enhancing the place and inventive imaginative and prescient of the home.”
British-born Andrew didn’t announce plans. He suspended his namesake luxurious present label when he joined Ferragamo.
Luxurious style has been hit exhausting by the pandemic, with restrictions forcing new collections to be largely previewed on-line and shops to shut.
Salvatore Ferragamo swung to a 72-million-euro loss final 12 months, in contrast with 2019 earnings of 87 million euros, as full-year revenues plunged by a 3rd. The family-owned style home cited the lockdowns that pressured shops to shut their doorways for intervals throughout 2020.
Like different manufacturers, Ferragamo invested in e-commerce throughout the pandemic, launching new websites in North America, fast-growing China, Japan and South Korea, in addition to in international locations utilizing the euro.