The Italian leather goods specialist Furla SpA was able to increase its sales in the past 2021 financial year. On Monday, the company announced that revenues were 7.6 percent above the level of the previous year. The goal set out in the current strategic plan was thus achieved “despite the problems caused by Covid-19 in the important Japanese market”, explained Furla. Growth was also achieved in the first three months of the current year, which was in line with planning.
At the same time, the company confirmed the imminent departure of CEO Mauro Sabatini, which the trade magazine Women’s Wear Daily (WWD) had already reported last week. Sabatini’s term of office is nearing its end, Furla explained in a statement and thanked the outgoing boss for “his work and his tireless commitment to leading the company’s many divisions into a successful future despite the pandemic”.
As already announced by WWD, Chief Operating Officer (COO) Devis Bassetto will lead the company on an interim basis after Sabatini’s departure until a new CEO is found. The leather goods specialist stressed that it would continue its “strategic relaunch plan” even after the change in management.