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SALVATORE FERRAGAMO S.P.A.

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Mandarin Oriental Jumeira, Dubai Unveils Spectacular Salvatore Ferragamo Christmas Tree

12/09/2021 | 08:02am EDT

Mandarin Oriental Jumeira, Dubai has partnered with celebrated Italian luxury brand Salvatore Ferragamo to design its 2021 Christmas Tree for this year's festive celebrations, spreading holiday cheer in style.

The city's most desirable beachfront resort has teamed up with Salvatore Ferragamo to create a tree that showcases the heritage, craftsmanship and quality of the fashion house. It is the third consecutive year that Mandarin Oriental Jumeira, Dubai invites a luxury brand to create and decorate the Christmas tree in their own inimitable style. This year's vision has thoughtfully incorporated both Ferragamo's iconic Gancini and Mandarin Oriental's well-recognised symbol - the fan - to adorn the tree as lighting ornaments as well as Ferragamo's signature Rainbow shoe dotted amongst whimsical stars that decorate the tree.

In a nod to the UAE's 50th golden jubilee, the tree has been designed in a completely gold palette to mark this momentous milestone of the country.

Werner Anzinger, General Manager of Mandarin Oriental Jumeira, Dubai, commented: 'We are thrilled to have the opportunity to partner with Salvatore Ferragamo on our 2021 Christmas tree, and our third since opening the hotel. Ferragamo is synonymous with timeless glamour, innovative spirit and traditional family values and we are delighted to curate together a magical Christmas with new memories to treasure.'

Throughout the festive season, guests can also enjoy an exclusive Salvatore Ferragamo Afternoon Tea at Noor Lounge, featuring a delectable selection of festive delicacies and sweet treats, inspired by the flavours of Tuscany.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. Salvatore Ferragamo S.p.A. is the parent Company of the Salvatore Ferragamo Group, one of the world's leaders in the luxury industry and whose origins date back to 1927. The Group is active in the creation, production and sale of shoes, leather goods, apparel, silk products and other accessories for men and women. The Group's product offer also includes eyewear and watches, manufactured by licensees. The uniqueness and exclusivity of Ferragamo creations, along with the perfect blend of style, creativity and innovation enriched by the quality and superior craftsmanship of the 'Made in Italy' tradition, have always been hallmarks of the Group's products. With approximately 3,750 employees and a network of 643 mono-brand stores as of 30 September 2021, the Ferragamo Group operates in Italy and worldwide through companies that allow it to be a leader in the European, American and Asian markets.

Director of Marketing Communications

Ashraf Amaani

AAMAANI@MOHG.COM

+971 4 777 2222

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
JARDINE MATHESON HOLDINGS LIMITED 3.98% 55.38 Delayed Quote.-3.18%
MANDARIN ORIENTAL INTERNATIONAL LIMITED -1.48% 2 Delayed Quote.-9.38%
SALVATORE FERRAGAMO S.P.A. -3.06% 15.25 Delayed Quote.-30.32%
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Financials
Sales 2022 1 248 M 1 321 M 1 321 M
Net income 2022 71,1 M 75,2 M 75,2 M
Net Debt 2022 262 M 277 M 277 M
P/E ratio 2022 38,0x
Yield 2022 1,59%
Capitalization 2 625 M 2 779 M 2 779 M
EV / Sales 2022 2,31x
EV / Sales 2023 2,17x
Nbr of Employees 3 723
Free-Float 29,0%
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Technical analysis trends SALVATORE FERRAGAMO S.P.A.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 15,70 €
Average target price 16,11 €
Spread / Average Target 2,58%
EPS Revisions
Managers and Directors
Marco Gobbetti Chief Executive Officer, Director & GM
Alessandro Corsi Director-Business Development
Leonardo Ferragamo Chairman
Umberto Tombari Independent Non-Executive Director
Patrizia Michela Giangualano Independent Non-Executive Director
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