Shares in Ferragamo slide after CFO resigns

Salvatore Ferragamo

12/09/2025 09:11

** Shares in Salvatore Ferragamo SFER.MI fall by as much as 4.1% after the luxury firm announced departure of its CFO

** Pierre La Tour is leaving the company as of September 26 to pursue new professional opportunities, Ferragamo said

** "The fact that both CEO and CFO are not there makes the market fear that there's a difficult accounting situation, or problems with the earnings," a Milan-based trader says

** Ferragamo has been looking for a new executive officer since its CEO Marco Gobbetti left the company in March

   ** At 0758 GMT shares in Ferragamo are down 2.8%, underperforming Italy's all-share index, which falls by 0.2%

   ** Including today's fall, the stock has dropped by 32.5% YTD​

 (Enrico Sciacovelli, Giancarlo Navach)

 ((Enrico.sciacovelli@thomsonreuters.com))