Salvatore Ferragamo names Pierre La Tour as group CFO

Salvatore Ferragamo has appointed a new group CFO, Pierre La Tour. He is a highly experienced executive with an international career in the financial sector, but has never worked in the luxury industry before. Ferragamo said he will assume his new role on March 18. La Tour succeeds Alessandro Corsi, who left the Italian luxury label in September, after 20 years with the group.

 
“La Tour has also been designated by the company’s Board of Directors as manager with strategic responsibilities, due to the prerogatives and tasks assigned to him related to the areas of administration, finance, control and investor relations,” the label stated in a press release.
 
La Tour graduated in economics at Geneva University in Switzerland, and began his business career in Asia. He notably worked in Pakistan and India, where he oversaw economic development programmes for the Aga Khan Foundation, a not-for-profit organisation, and later worked as financial analyst for Société Générale.

In 1997, La Tour joined Italian car manufacturer FIAT, where he held various positions with increasingly senior responsibilities in the finance department. He was eventually named CFO China, based in Shanghai, for CNH Industrial, a manufacturer of agriculture and construction machinery owned by FIAT. In 2019, he joined Italian industrial equipment supplier Biesse, with the role of CFO, in charge of supervising the company’s financial reporting and managing investor relations. He left Biesse in December to “take on a new professional challenge.”
 
Salvatore Ferragamo has been led by Marco Gobbetti since January 2022, and is in the midst of a transition phase. In March 2022, the label named Maximilian Davis as creative director. In the first nine months of 2023, Ferragamo reported a revenue of €844 million, down from the €920.7 million recorded a year before. Sales were down by 9.2% before exchange rate adjustments.