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By
Reuters
Published
Aug 12, 2022
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Ferragamo partners with Farfetch to grow online, reach younger shoppers

By
Reuters
Published
Aug 12, 2022

Italian fashion house Salvatore Ferragamo has announced that it has struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers.


Reuters



Ferragamo said it would use Farfetch’s platform for its e-commerce and look to engage with a global Millennial and Gen Z luxury audience.

“Ferragamo has a wonderful heritage of creativity and craftsmanship and I am hugely excited about the opportunity to take it to a unique new audience globally,” said José Neves, the chief executive of Farfetch. “[Its] outstanding product and creativity, coupled with our marketing capabilities and innovative digital experiences will captivate that audience.”

The brand, whose shoes have been worn by Hollywood legends such as Audrey Hepburn, has struggled in recent years to rejuvenate its image and appeal to younger luxury shoppers.

In its latest turnaround attempt, Ferragamo hired former Burberry Chief Executive Marco Gobbetti in January.

Gobbetti has pledged to double Ferragamo’s sales to nearly €2.3 billion ($2.4 billion) in 2026 from last year by investing more in marketing and communication, renovating stores and improving technology and the group’s supply chain.

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