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The luxury-goods company’s shares plunged after it said it was parting ways with its chief executive before the end of his mandate.

Salvatore Ferragamo SpA said Chief Executive Officer Marco Gobbetti is leaving almost two years before his contract expires, as the Italian maker of footwear and leather goods struggles to pull itself out of a sales slump.

Ferragamo shares slide more than 5% on Tuesday after the Italian luxury group announced that its chief executive Marco Gobbetti would leave next month after little over three years in charge.Gobbetti,

Salvatore Ferragamo SpA revealed on Monday that it had reached an agreement with chief executive offcer Marco Gobbetti to mutually terminate their employment and directorship relationships, effective March 6,

The news of Marco Gobbetti's departure from Salvatore Ferragamo, a company that in 2022 recruited him, in place of Michaela le Delivec, as CEO and general

Ferragamo CEO Marco Gobbetti is leaving his position on 6 March as sales continue to slow at the Italian luxury company.

Investing.com -- Shares of Salvatore Ferragamo (BIT: SFER) fell by 4% on Tuesday following the announcement that CEO Marco Gobbetti will be stepping down from his role on March 6.

Gobbetti will exit the company on March 6, and former CEO Michele Norsa will take on the role of special advisor to the chairman, flanked by James Ferragamo and former CFO Ernesto Greco.