Salvatore Ferragamo

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b. & c. In respect to the company rules and privacy Evelyn Vasquez was unable to provide us with an balance sheet or an income statement; due to that we had to google their most recent balance sheet and income statement.

d. Ferragamo's recruiting practices are very simple and it is all done through the Human Resources department. They use sites like Linkedin and Head Hunters. They sometimes reach out to F.I.T, L.I.M and NYU students.

e. As far as employee evaluations, they do annual evaluations to see how their company as well as the employees are doing.

f. Salvatore Ferragamo pays a competitive salary

g. They do not have an executive training program sadly, but they do hire interns whom they pay in the summer and then there is also internship opportunities that run through the Fall and Spring.

4. This company does indeed hire F.I.T graduates to intern and also to join the team permanently. There is actually a young lady that is a Junior at F.I.T and is interning at Ferragamo as an assistant buyer for shoes and ready to wear. She informed me that she applied to the position through Ferragamo's website; and her love for the company about when she studied abroad with our school in Florence, Italy. Unfortunately Salvatore Ferragamo does not offer an Executive Training programs for incoming employees or employees because as previously mentioned Salvatore Ferragamo is a small company that consists more of family in the corporate office and only an average of 2,600 employees overall. In my research I have noticed that mainly department stores have training programs, such as Macys and Bloomingdales and even Saks Fifth Avenue has an internship/junior program. So I understand why Ferragamo may not have one being that they’re a small company who mainly hires people with experience and drive with at least internship experience.

Salvadore Ferragamo has strong market presence, however in comparison with thier main competitors they are not doing as well as the LVMH because the Ferragamo S.PA is a much smaller company than LVMH.

For the main competitor of Ferragamo The annual sales for salvatore ferragamo in 2014 was 1.73 Billion dollars while LVMH was 40.13 billion dollars. And Hermes was 5.17 billion but salvatore ferragamo was doing much better than Valentino fashion which made 74.33 million.

SFER Financial Summary

For the fiscal year ended 31 December 2014, Salvatore Ferragamo Italia SpA revenues increased 6% to EUR1.33B. Net income increased 4% to EUR156.6M. Revenues reflect Retail Sales, Total increase of 4% to EUR833.1M, Property Leases increase of 2% to EUR10.9M. Dividend per share increased from EUR0.40 to EUR0.42. Basic Earnings per Share excluding Extraordinary Items increased from EUR0.89 to EUR0.93.

b. balance sheet

their total assets for 2014 was 880.23 million in EUR and their total liabilities was 414.04 million in EUR, the total equity is 466.19 in EUR, so they have more profit than their expenses, which makes them a healthy company. their long term liabilities was 64 million in EUR, and the short term was 350.71 in EUR. the liquid assets are 586 M euro composed of: cash - 96.46M euro, their receivable are 150.9M euro, and their total inventory is 338.56 M euro. that also points out to the company being healthy because they have a lot of liquid assets.

c. income statement:

In 2014 their total revenue from sales was 1,331.82 billion euros. Their total cost was 483.39 million euro. their gross margin was 848.43 million euro. their net income after taxes and expenses was 156.56 million euro. compared to 2013 it grow by 4% (6 million euros). Hermes made 8.6% (68.4 million euros) growth and Prada was 0.78 growth (5 milion )