Salvatore Ferragamo shares up after Fabrizio Freda named advisor

Salvatore Ferragamo

20/04/2026 09:42

** Salvatore Ferragamo SFER.MI rises 1.6%

** Italian luxury group appoints former Estee Lauder EL.N CEO Fabrizio Freda as special strategic advisor

** Says, Freda to also help group pick its new CEO

** Brokerage Intermonte notes this as "positive news"

** Says, news could signal to market that a key executive like Freda sees potential in the growth trajectory recently regained by the Ferragamo fashion house

** The stock outperforming bigger Italian luxury peers; Brunello Cucinelli BCU.MI slips 1.2%, Moncler MONC.MI down 0.4%, paring some gains after it climbed as much as 2.2% at opening

 (Reporting by Romolo Tosiani, Claudia Cristoferi)

 ((Romolo.Tosiani@tr.com))