Wanda Ferragamo died Friday, October 19th at the age of 96, nearly six decades after she took over her husband Salvatore Ferragamo’s empire. The family has not confirmed her cause of death.
Under Mrs. Ferragamo’s leadership, first as company president and later as the head of the board of directors, the brand grew from producing 6,500 pairs of shoes a year to more than 10,000 pairs a day. According to Bloomberg News, the business has annual revenue of about $1.6 billion.
She had a strict policy about her children who worked for the company to all receive the same salary; also not wanting any in-laws to be employed by the brand.
Current CEO Micaela Le Divelec Lemmi, former VP at Gucci, will continue her role at Ferragamo, along side the couple’s oldest son Ferruccio Ferragamo who is Chairman.